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Thursday, December 20, 2018

Why RBI blocked Paytm bank’s new business

In a response to an RTI filed by TOI, the RBI for the first time has disclosed the reasons — four of them. The apex bank said the Noida-based company was in violation of know-your-customer (KYC) rules while on-boarding users. These precise violations are not clear.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LqskJk
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