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Top headlines: RBI setback for Paytm Payments Bank; IRDAI gets a new chief

Here are the top headlines on Friday

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BS Web Team
RBI bars Paytm Payments Bank from acquiring customers, calls for IT audit

The Reserve Bank of India (RBI) has barred Paytm Payments Bank from onboarding new customers with immediate effect due to certain supervisory concerns.

The banking regulator said the bank has been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system. Read more here

Govt appoints ex-financial services secretary Debasish Panda as IRDAI chief

The government on Friday appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI).

The