RBI allows Paytm Payments Bank to add new customers after 6 months
The RBI has allowed Paytm Payments Bank to restart opening new accounts after more than six months. The bank had violated KYC norms, failed to maintain the prescribed net worth of â¹100 crore and also violated the end-of-the-day â¹1 lakh limit per account. Paytm Payments Bank, which has around 42 million accounts, registered a loss of â¹20 crore in 2017-18.