Airtel Payments Bank CEO Shashi Arora Resigns

Airtel Payments Bank Chief Executive Shashi Arora has quit the company after a recent controversy surrounding India’s largest telecom operator and its payment bank’s alleged violation of rules on using Aadhaar for its electronic know-your-customer (e-KYC) verification process.

Recently, UIDAI has temporarily barred Airtel Payments Bank from conducting Aadhaar-based SIM verification of mobile customers using eKYC process. The suspension of the e-KYC licence of Airtel Payments Bank has not been revoked yet.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Airtel Payments Bank is the first Payments Bank of India.
Source- Livemint