Paytm distances itself from Payments Bank after RBI cancels PPBL’s banking licence
Paytm clarifies it has no ties to Payments Bank after RBI revoked its license, asserting PPBL operates independently.
Paytm distances itself from Payments Bank after RBI cancels PPBL’s banking licence
Paytm clarifies it has no ties to Payments Bank after RBI revoked its license, asserting PPBL operates independently.
RBI cancels banking licence of Paytm Payments Bank
The Reserve Bank of India on Friday, APril 24, said it has cancelled the banking licence issued to Paytm Payments Bank.
Paytm Payments Bank Shut Down as RBI Cancels Operating License
Delhi: The Reserve Bank of India (RBI) has cancelled the license of Paytm Payments Bank Limited (PPBL), effectively shutting down its banking operations.
RBI cancels banking licence of Paytm Payments Bank
RBI cancels Paytm Payments Bank's licence, citing detrimental management practices and non-compliance with banking regulations.
RBI cancels Paytm Payments Bank licence; to seek winding up in court
The action marks a dramatic escalation in regulatory steps against Paytm Payments Bank, which had already faced severe business restrictions over the past two years.
RBI Cancels Paytm Payments Bank Licence
The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank with effect from the close of business on April 24, 2026
last updated on 24 Apr 20:55