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After experiencing difficulties due to e-KYC issues related to Aadhaar, Airtel Payments Bank announced Thursday that it has received the required approvals from the Reserve Bank of India and UIDAI to begin acquiring new customers. has received the required approvals from The Reserve Bank of India to begin shipping new customers, and UIDAI has also authorized Airtel Payments Bank to resume shipping customers using e-KYC based on Aaadhaar.We thank the authorities for approvals, "a spokesman for the company said in a statement.
"We remain committed to the government's vision of financial and banking inclusion for all," he added.
In an interview with IANS last week, Gopal Vittal, MD and CEO (India and South Asia), Bharti Airtel: "The bank got off to a great start, but we had regulatory problems, we are working in close collaboration with the authorities (RBI and UIDAI) and we hope that this will soon be operational and that we will be able to start acquiring clients.the bank and the wallet, the operation continues for existing customers, but we do not "
Airtel Payments Bank announced on May 24, 2018 the appointment of Anubrata Biswas as Chief Executive Officer and Chief Executive Officer.
The appointment comes five months after the resignation of former CEO and MD Shashi Arora in December.
On March 9, RBI imposed a fine of Rs 5 crore on Airtel Payments Bank Limited for violating KYC standards, according to an official statement issued in 1965
"The Reserve Bank of India imposed, on March 7 2018, fined Rs 50 million euros on Airtel Payments Bank Limited for violating the "Instructions for the use of payment banks" and the instructions issued by RBI on standards Know Your Customer (KYC) » , said the RBI
– IANS
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(This story was not edited by Business Standard staff and is generated automatically from a syndicated feed.)
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