Mumbai, April 24 (IANS) The Reserve Bank of India on Friday cancelled the licence of Paytm Payments Bank Limited, citing failure to comply with the regulatory conditions laid down under its payments bank licence.In a decisive move, the central bank said the entity would no longer be permitted to carry out banking operations and announced that it will approach the High Court to initiate the process of winding up the bank.“RBI has cancelled the banking licence issued to Paytm Payments Bank Limit…
Latest 1949 News & Updates
New Delhi, April 12 (IANS) Foreign Affairs expert and veteran journalist Waiel Awwad said on Sunday that the talks between Iran and US that were held amid the two-week ceasefire agreement between the two countries, have not “failed”. Rather, he called the negotiation “inconclusive”.His reaction comes following US Vice-President JD Vance’s announcement that no agreement was reached between Washington and Tehran in the latest round of talks held in Pakistan’s Islamabad.Speaking to IANS, Awwad said…
Mumbai, March 30 (IANS) The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 31.80 lakh on Airtel Payments Bank Limited (the bank) for non-compliance with certain provisions of the directions issued by RBI on ‘Disclosure in Financial Statements’. The penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949.The Statutory Inspection for Supervisory Evaluation (I…