News > RBI bars Paytm Payments Bank from getting new customers
RBI bars Paytm Payments Bank from getting new customers
Scroll | 11/03/2022 09:25 PM | Click to read full article
The Reserve Bank of India on Friday barred the Paytm Payments Bank from getting new customers. The central bank has also directed Paytm Payments Bank to hire a firm to conduct an audit of its information technology system.
Paytm Payments Bank began its operations in May 2017 when it opened its first branch in Uttar Pradesh's Noida city.
