In a response to an RTI filed by TOI, the RBI for the first time has disclosed the reasons — four of them. The apex bank said the Noida-based company was in violation of know-your-customer (KYC) rules while on-boarding users. These precise violations are not clear.
from Times of India https://timesofindia.indiatimes.com/business/india-business/why-rbi-blocked-paytm-banks-new-business/articleshow/67170904.cms
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