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Kiran Reddy
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Saw news article on Telugu newspaper on this. Airtel has paid 2.5 cr penalty to UIDAI and promised to return 190 crores of gas subsidy to original accounts of 31 lakh customers.
Moral Of The Airtel Payments Bank Story: Read The Fine Print
Most investors are familiar with the statement, “Please read the offer document carefully before investing.” Now it seems even those looking to buy a mobile phone connection need to be aware of what they are signing up for.
Because the fine print in the innocuous looking application form could mean that they walked into the store to buy a telecom service and left with a new bank account as well.
It happened with Bharti Airtel Ltd.’s customers. Nearly 31 lakh of them.
Most investors are familiar with the statement, “Please read the offer document carefully before investing.” Now it seems even those looking to buy a mobile phone connection need to be aware of what they are signing up for.
Because the fine print in the innocuous looking application form could mean that they walked into the store to buy a telecom service and left with a new bank account as well.
It happened with Bharti Airtel Ltd.’s customers. Nearly 31 lakh of them.
Sai Jai
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Sai Jai
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MUMBAI: Shashi Arora , head of Airtel's Payments Bank, has resigned amidst a week-old controversy where the Sunil Mittal-owned telco was hauled up by the authorities for opening payments bank accounts without requisite approvals and consent of customers.
The Unique Identification Authority of India (UIDAI) -- the custodian of Aadhaar - had temporarily barred Airtel from conducting Aadhaar-based e-KYC, or electronic know-your-customer verification, for its mobile and payments bank clients for flouting approval norms.
"Shashi Arora has been associated with Airtel in senior leadership roles since 2006. He has been an asset for Airtel, and over the years, has contributed to the company's growth story," said Airtel in its statement on Friday..
"Having led the operations in key telecom circles followed by building a strong DTH business, he has laid the foundation for Airtel's payments bank operations," the telco said.
Airtel Payments Bank head Shashi Arora quits - ET Telecom
The Unique Identification Authority of India (UIDAI) -- the custodian of Aadhaar - had temporarily barred Airtel from conducting Aadhaar-based e-KYC, or electronic know-your-customer verification, for its mobile and payments bank clients for flouting approval norms.
"Shashi Arora has been associated with Airtel in senior leadership roles since 2006. He has been an asset for Airtel, and over the years, has contributed to the company's growth story," said Airtel in its statement on Friday..
"Having led the operations in key telecom circles followed by building a strong DTH business, he has laid the foundation for Airtel's payments bank operations," the telco said.
Airtel Payments Bank head Shashi Arora quits - ET Telecom
Same Message Received By Me
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Sai Jai
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Bro can we able to update kyc on March 2018 or after 28th February ??
If means can we able to use wallet asusual like previous ??
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