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Paytm Payments Bank is still not allowed to add new customers, says CEO

Chief executives of two payment banks, Airtel and Paytm, stepped down following a scrutiny by the RBI

Topics
Reserve Bank Of India  |  Rbi  |  Fino Payments Bank

Nikhat Hetavkar  |  Mumbai 

Paytm Payments Bank is still not allowed to add new customers and there is uncertainty over when this restriction would be lifted, said Paytm founder and Chief Executive Officer Vijay Shekhar Sharma. At a mutual fund summit on Thursday, Sharma said he had a meeting with Reserve Bank of India (RBI) officials on the issue earlier during the day, but refrained from divulging details of the meeting.

RBI had earlier directed the payments bank to stop adding new customers in July end. Shortly after, the central bank also, reportedly, asked Fino Payments Bank to stop enrolling new ...

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First Published: Sat, August 25 2018. 01:50 IST
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