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UIDAI excludes Airtel Payments Bank from using full e-KYC via Aadhaar

Saturday, June 9, 2018, 10:03 PM

Airtel Payment Bank has been denied permission to use Aadhaar-linked Know Your Customer authentication awaiting a report from RBI. The bank regulator is yet to submit a report on the allegations that the payment bank routed government subsidy on LPG cylinders subsidies to accounts it opened for Bharti Airtel Telecom customers without explicit prior consent.
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Paytm Money appoints Pravin Jadhav as director

Tuesday, June 5, 2018, 7:49 PM

Paytm Money, a subsidiary of digital payments major Paytm, has appointed Pravin Jadhav as an additional director at the company. Jadhav has been appointed as a whole time additional director at the company, as per documents filed with the Ministry of Corporate Affairs (MCA). It had said it will launch its products this year after getting regulatory approvals.
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650 India Post Payments Bank branches to start by May: Sinha

Sunday, April 29, 2018, 10:47 PM

Union Minister of State for Communications Manoj Sinha today said that as many as 650 branches of the India Post payments bank are likely to be operational across the country by next month. He said that the work of system integration of the payments bank had been completed and processes mandated by the Reserve Bank of India would be completed within one week.

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