Paytm Payments Bank has received the green light from the Reserve Bank of India to restart opening accounts for its customers. The KYC or Know your customer process of document submission for its wallets as well as its bank accounts from December 31, confirmed.
RBI had asked the bank to stop adding new customers about six months back in June, when a regulatory audit found lapses on the part of the entity to stick to RBI’s requirements.
Source - Economic Times
