Airtel Payments Bank gets RBI nod to start enrolling new customers
New Delhi, July 12 : 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 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.
"We remain committed to the government's vision of financial inclusion and banking for all," he added.
In an interview to IANS 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 on May 24, 2018 announced the appointment of Anubrata Biswas as its Managing Director and Chief Executive Officer. The appointment comes five months after former CEO and MD Shashi Arora stepped down in December.
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.
"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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
RIL, 5 others seek to register 'Operation Sindoor' trademark
New Delhi (PTI): Reliance Industries Limited and five others have approached the Controller General of Patents Design and Trade Marks for the registration of term "Operation Sindoor".
In retaliation for the Pahalgam terror attack, Indian armed forces carried out missile strikes early Wednesday on nine terror targets in Pakistan and Pakistan-occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base Muridke.
The military strikes were carried out under "Operation Sindoor" two weeks after the massacre of 26 civilians in Jammu and Kashmir's Pahalgam.
RIL was first to file the trademark application for the term under trademark Class 41 which covers services like education and entertainment.
According to the details available on the website of the Ministry of Commerce and Industry, RIL and five others have so far moved applications seeking trademark registration.
Besides RIL, other applicants -- Mukesh Chetram Agrawal, Group Captain (retired) Kamal Singh Oberh, Alok Kothari, Jayaraj T and Uttam -- have also sought registering the term.
