Airtel Payments Bank - News & Updates

[hike]

Its gud monopoly atleast we got benefit from that

Coz AVoID not saint to have courtesy with them k:

They looted us 10+ years in Telecom industry

Exactly they looted us for so many years.

 

[sumitroy]

Today, I got Rs. 50 upgrade offer cashback. But I didn't upgrade anything.

 

[greylala91]

Same thing happened for me also. Kuch toh locha hai (Something's fishy)

 

[vish 24]

What about kyc process still suspended or not

 

[Mr monk]

MUMBAI: The Reserve Bank of India has imposed a penalty of Rs 5 crore on Airtel Payments Bank for violating operating guidelines and Know Your Customer (KYC) norms.

The fine was imposed after RBI scrutinised the bank's documents relating to opening of accounts without any specific or clear consent from the customers.

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

RBI slaps Rs 5 cr penalty on Airtel Payments Bank for violation of norms - Times of India

 

[vish 24]

Is kyc for payment bank is still suspended?

 

[hike]

Is kyc for payment bank is still suspended?

No

 

[hike]

Guys it's old new we have discussed this so why new thread?
BTW this need to be done so others get lesson too. It's KYC not Vegetable that u will utilizes it however u want.

 

[Sarkar]

Guys it's old new we have discussed this so why new thread?
BTW this need to be done so others get lesson too. It's KYC not Vegetable that u will utilizes it however u want.

Plz give us link so that we can merge

 

[hike]

Plz give us link so that we can merge

We were discussing this incident here.
Airtel Payments Bank - News & Updates (Interest rate drops to 5.5%)