Current Affairs Economy & Banking

Airtel Payments Bank Gets RBI Nod To Resume Taking New Customers

Category : Economy & Banking

 Airtel Payments Bank has received requisite approvals from the Reserve Bank of India (RBI) to begin taking new customers. Also, Aadhaar-issuing authority UIDAI has allowed it to use the 12-digit unique identification number-based e-KYC. The development comes nearly seven months after Airtel, along with Airtel Payments Bank, came under fire for allegedly opening payments bank accounts of its mobile subscribers without their consent. RBI thereafter had directed Airtel Payments Bank not to on-board new customers while Aadhaar-issuing body UIDAI had suspended the e-KYC licence of both Airtel and the payments bank. 
Source- The Livemint


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