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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
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