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MotherIndia heritage
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🆕 ताजा अपडेट - RBI CANCELS িনন 3 எலி ~ PAYTM PAYMENTS BANK বিকা ঐক্ধ ? rirt ` BANK LICENCE 0 RESERVE @ OF INDIA 0 'FAILED TO COMPLY WITH NORMS' | ANK paytm Payments RBI cancels Paytm Payments Bank Bank licence, to move High Court for winding up. LICENCE CANCELLED KEY HIGHLIGHTS UPSCANGLE WHATISAPAYMENTS BANK? WHYTHISMATERS? Licence cancelled due to Specialised banks Highlights RBIs role GS Paper III persistent non compliance with limited functions as the financial (Economy) with regulatory norms regulator Can accept deposits RBI to approach the Topics Banking High Court for (with limits) Ensures banking regulation, Financial winding up. discipline and institutions protection. consumer Cannot issue loans Customers interests be protected as or credit cards per applicable norms Prelims Types fintech Impacts Focus on financial of banks; RBI ecosystern and digital Action reflects RBIS inclusion and digital commitment to strict payments sector powers payments regulation compliance and CONCEPT TO REMEMBER | ABOUT RBIS ACTION RBI found significant and persistent RBI has the authority to 66 non compliances in the bank BANK grant, regulate and cancel Regulation today; | The bank was given multiple licences of banks under the banking tomorrow opportunities to rectify issues secure Bankins Resulation Act; 1949 The action is in public interest and in line with the regulatory framework DISCUSSION PROMPT Think. Analyse. Should fintech companies be regulated Share your views! as strictly as traditional banks?| RBI CANCELS িনন 3 எலி ~ PAYTM PAYMENTS BANK বিকা ঐক্ধ ? rirt ` BANK LICENCE 0 RESERVE @ OF INDIA 0 'FAILED TO COMPLY WITH NORMS' | ANK paytm Payments RBI cancels Paytm Payments Bank Bank licence, to move High Court for winding up. LICENCE CANCELLED KEY HIGHLIGHTS UPSCANGLE WHATISAPAYMENTS BANK? WHYTHISMATERS? Licence cancelled due to Specialised banks Highlights RBIs role GS Paper III persistent non compliance with limited functions as the financial (Economy) with regulatory norms regulator Can accept deposits RBI to approach the Topics Banking High Court for (with limits) Ensures banking regulation, Financial winding up. discipline and institutions protection. consumer Cannot issue loans Customers interests be protected as or credit cards per applicable norms Prelims Types fintech Impacts Focus on financial of banks; RBI ecosystern and digital Action reflects RBIS inclusion and digital commitment to strict payments sector powers payments regulation compliance and CONCEPT TO REMEMBER | ABOUT RBIS ACTION RBI found significant and persistent RBI has the authority to 66 non compliances in the bank BANK grant, regulate and cancel Regulation today; | The bank was given multiple licences of banks under the banking tomorrow opportunities to rectify issues secure Bankins Resulation Act; 1949 The action is in public interest and in line with the regulatory framework DISCUSSION PROMPT Think. Analyse. Should fintech companies be regulated Share your views! as strictly as traditional banks?| - ShareChat