Stay updated with breaking news from Yes bank ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The RBIs unhappiness isnt new. It stopped Paytm Payments Bank from onboarding fresh customers nearly two years ago. Last year, while imposing a fine of $650,000 on the bank, the regulator highlighted a number of violations, including failure to identify beneficial account owners and a video-based customer identification that allowed connections from IP addresses outside India. ....
The RBI’s press release detailed all the ways in which it was restricting Paytm Payments Bank. The statement didn’t have a word about what customers are supposed to do. This has caused unnecessary chaos for 50 million merchants, for whom online payments are synonymous with the Paytm app, connected to a Paytm Payments Bank account ....
In several instances, RBI has refused to approve a pay hike, delayed approving higher remuneration or even directed an outright pay cut for top executives of private banks ....
Axis Bank moves NCLT to seek insolvency proceedings against Zee Learn devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
Axis Bank has filed a petition before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against Zee Learn, the education services provider. The petition, filed under Section 7 of the Insolvency and Bankruptcy Code, aims to initiate the CIRP. Zee Learn has received a notice from the NCLT and is verifying the information claimed by Axis Bank. ....