After Paytm, Fino Payments Bank barred from opening new a/cs
Fino Payments Bank has been barred by the RBI from adding new customers since the end of May. Earlier, Paytm Payments Bank was reportedly told to stop adding new customers over discrepancies in adherence to KYC norms. An RBI audit revealed that some Fino Payments Bank accounts had deposits in excess of the stipulated amount of â¹1 lakh.