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Airtel Payments Bank gets RBI nod to start enrolling new customers

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Airtel Payments Bank, Reserve Bank of India, Aadhaar, KYC issues, UIDAI, RBI, Customers, Business news

New Delhi: After running into rough weather due to Aadhaar-related e-KYC issues, Airtel Payments Bank on Thursday said it has received requisite approvals from the Reserve Bank of India and UIDAI to start acquiring new customers.

 

Airtel Payments Bank, Reserve Bank of India, Aadhaar, KYC issues, UIDAI, RBI, Customers, Business news

 

“Airtel Payments Bank has received requisite approvals from The Reserve Bank of India to start on-boarding new customers. Airtel Payments Bank has also been permitted by the UIDAI to resume the on-boarding of customers using Aaadhaar based e-KYC. We thank the authorities for the approvals,” a company spokesperson said in a statement.

 

Airtel Payments Bank, Reserve Bank of India, Aadhaar, KYC issues, UIDAI, RBI, Customers, Business news

 

“We remain committed to the government’s vision of financial inclusion and banking for all,” he added.

 

Airtel Payments Bank, Reserve Bank of India, Aadhaar, KYC issues, UIDAI, RBI, Customers, Business news

 

In an interview to journalist last week, Gopal Vittal, MD and CEO (India and South Asia), Bharti Airtel said: “The bank had started off very well, but we got into regulatory issues. We are working very closely with authorities (RBI and UIDAI) and hopefully this will be back to business soon and start acquiring customers. Right now have 30 million customers in the bank and the wallet. Operation is continuing for existing customers, but we are not acquiring new customers.”

 

Airtel Payments Bank gets approval from RBI to start acquiring new customers:

 

Airtel Payments Bank on May 24, 2018 announced the appointment of Anubrata Biswas as its Managing Director and Chief Executive Officer.

 

Airtel Payments Bank, Reserve Bank of India, Aadhaar, KYC issues, UIDAI, RBI, Customers, Business news

 

The appointment comes five months after former CEO and MD Shashi Arora stepped down in December.

 

Airtel Payments Bank, Reserve Bank of India, Aadhaar, KYC issues, UIDAI, RBI, Customers, Business news

 

The RBI on March 9 slapped a penalty of Rs 5 crore on Airtel Payments Bank Limited for violating KYC norms, an official statement said here.

 

Airtel Payments Bank, Reserve Bank of India, Aadhaar, KYC issues, UIDAI, RBI, Customers, Business news

 

“The Reserve Bank of India has imposed, on March 7, 2018, a monetary penalty of Rs 50 million on Airtel Payments Bank Limited for contravening the ‘Operating Guidelines for Payments Banks’ and directions issued by RBI on Know Your Customer (KYC) norms,” the RBI statement had said.

 

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After Vijay Mallya, Nirav Modi another name Nitin Sandesara joined this list!

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Nitin Sandesara, Vijay Malaya, Nirav Modi, Businessman from Gujarat, Sterling Biotech Group, Indian businessman, Business news

Gandhinagar: In an interesting as well shocking news that has developed from Gujarat, a businessman Nitin Sandesara from the land of Gandhi ji’s state is missing after doing scam with banks wort Rs five thousand crores.

According to reports reached media houses that one business man from Gujarat named Nitin Sandesara has done fraud of 5 thousand crores with banks and left India after this scam, it is believed that Sandesara is in Nigeria with his family.

 

Nitin Sandesara, Vijay Malaya, Nirav Modi, Businessman from Gujarat, Sterling Biotech Group, Indian businessman, Business news

 

This businessman from Gujarat is owner of Sterling Biotech Group and few days’ back rumors spread that he is in Dubai but according to media, ED, and CBI reports he has been found that he is in Nigeria.

On other hand, ED and CBI does not have passed any official statement about Sandesara running from the country.

 

Another businessman Nitin Sandesara swollen five thousand crores of INDIA!:

 

So if Sandesra is believed to be in Nigeria it will be so difficult for CBI and ED to bring him back to home country as Nigeria is not in a list of Extradition policies of 56 nations.

But then intelligence agencies has given an application to Nigerian authorities with a red corner notice has been issued against Nitin Sandesara’s family.

 

Nitin Sandesara, Vijay Malaya, Nirav Modi, Businessman from Gujarat, Sterling Biotech Group, Indian businessman, Business news

 

Sandesara had started his business with medical company later started real estate and also tried his luck in many other businesses.

It is also said that not only in India but he runs his business in Nigeria, UAE, America, and in many more countries.

 

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