Wednesday, 06 March 2024 | PNS | DEHRADUN
Soon after the RBI barred the Paytm Payments Bank from accepting deposits or top-ups in any customer account, it has slapped a ban on the gold loan trade of the non-banking company IIFL Finance. In a stern order, the regulatory body of the Indian banking system barred the company from sanctioning gold loan to its customers. The RBI is stated to have taken this decision in the wake of material supervisory concerns.
