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 The suspension of the e-KYC licence of Airtel Payments Bank has not been revoked yet.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

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

[adda247_lead_form]

Leave a comment

Your email address will not be published. Required fields are marked *