The Reserve Bank of India (RBI) has bannned Paytm Payments Bank

The Reserve Bank of India (RBI) has bannned Paytm Payments Bank from onboarding new customers with immediate effect. The bank has been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system, RBI said in a short press release on its website. #pdlawchambers #rules #law #legal #compliance