RBI Bars Paytm Payments Bank From Accepting Deposits In Any Customer Account From March
The Reserve Bank of India (RBI) on January 31 imposed restrictions on Paytm Payments Bank Ltd (PPBL), following a system audit report and subsequent compliance validation report of external auditors. PPBL is barred from accepting deposits or top-ups in any customer account, wallets or FASTags after February 29 under section 35A of the Banking Regulation Act, 1949.
U.S. Rules and Regulations Applicable to Outsourcing
Many functions within the relationship of a corporation and outsourcing firm fall directly or indirectly under the governance of U.S. laws. For example, several of the largest U.S. banks outsource their IT systems, data processing, financial research, data storage, or customer transactions to U.S. and foreign-based BPOs. In doing so, some of the rules and
U.S. Rules and Regulations Applicable to Outsourcing
Many functions within the relationship of a corporation and outsourcing firm fall directly or indirectly under the governance of U.S. laws. For example, several of the largest U.S. banks outsource their IT systems, data processing, financial research, data storage, or customer transactions to U.S. and foreign-based BPOs. In doing so, some of the rules and