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RBI has recently stopped Paytm Payments Bank Ltd from onboarding new customers under which section of which RBI Act?
A)
Section 35 A
B)
Section 30 A
C)
Section 27 A
D)
Section 25 A

Correct Answer :   Section 35 A


The Reserve Bank of India has directed Paytm Payments Bank Ltd to stop the onboarding of new customers with immediate effect. RBI has taken this step under the power conferred to it under section 35 A of the Banking Regulation Act, 1949.

Published On : March 12, 2022
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