RBI Cancels Paytm Payments Bank Licence

by · Inc42

SUMMARY

  • 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
  • The bank is no longer allowed to carry out any banking activity with immediate effect
  • The central bank said the company has enough liquidity to repay all its depositors during the winding up process