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Virtual Payments Bank
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The bank is working with the RBI to complete the IT audit and address the regulator's concerns, says Madhur Deora.
 "Paytm payments bank expects RBI curbs to be lifted in 3-5 months: Executive")
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Technology giants like Alibaba, Tencent are entering the banking sector which offers at least 650 million digital savvy smartphone owners who use online payment methods regularly
 "Alibaba or Tencent - Who will win race for 650 mn virtual bank accounts?")