Airtel Payments Bank has received requisite approvals from the Reserve Bank of India (RBI) to begin taking new customers. Also, Aadhaar-issuing authority UIDAI has allowed it to use the 12-digit unique identification number-based e-KYC.
The development comes nearly seven months after Airtel, along with Airtel Payments Bank, came under fire for allegedly opening payments bank accounts of its mobile subscribers without their consent. RBI thereafter had directed Airtel Payments Bank not to on-board new customers while Aadhaar-issuing body UIDAI had suspended the e-KYC licence of both Airtel and the payments bank.
Source- The Livemint
Static/Current Takeaways Important for Bank of Baroda PO Exam 2018-
- Airtel Payments Bank was the first payments bank to start operations in India.
- Anubrata Biswas is the Managing Director and Chief Executive Officer of Airtel Payments Bank.