Central Depository Services India (CDSL) has intensified its scrutiny of the know-your-customer (KYC) procedures employed by various entities under One 97 Communications Central Depository Services ...

In a major regulatory crackdown, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank, ...

RBI cancels Paytm Payments Bank's license due to compliance failures, reducing India's payments banks to five.

Before the RBI action began in 2022, the bank had over 300 million wallets and 30 million bank accounts, and claimed that it was driving financial inclusion in India.

RBI has cancelled Paytm Payments Bank’s licence and moved to wind up the entity, but your money remains safe. Understand why the regulator took this step, the history of compliance violations, and ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Last year the central bank told Paytm Payments Bank to stop ...

We will always have KRA to ensure things are validated, otherwise one mischievous player can contaminate the whole system, said Puri Buch KRA provides for centralised storage and digitisation of the ...