Why did RBI stop Paytm Payments Bank from adding new customers?
In response to an RTI query, the RBI revealed the reasons for banning Paytm Payments Bank from opening new accounts in June. RBI said the bank violated KYC norms while adding new customers and failed to maintain the prescribed net worth of â¹100 crore. Paytm Payments Bank also violated the end-of-the-day â¹1 lakh limit per account, RBI added.