India’s Paytm Payments Bank said it expects the central bank to allow it to start taking on new customers in the next few months and would comply with all the audit requirements to remove the regulatory curbs imposed on it.
What Happened: Earlier in March, the Reserve Bank of India barred the company from taking on new customers and ordered a comprehensive audit of the Paytm Payments Bank's IT systems, citing "material" supervisory concerns, without elaborating further.
