The RBI has stopped Paytm Payments Bank Ltd from onboarding new customers under which section of the RBI Act?

• A. Section 35 A
• B. Section 27 A
• C. Section 25 A
• D. Section 31 A

Answer: (A)

RBI has taken this step under the power conferred to it under section 35 A of the Banking Regulation Act, 1949.