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

Paytm Payments Bank's Licence Cancelled By RBI

The Reserve Bank of India on Friday, APril 24, said it has cancelled the banking licence issued to Paytm Payments Bank.

Mumbai: The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank Limited, prohibiting it from conducting any business with immediate effect. The central bank clarified that the bank has sufficient liquidity to repay its entire deposit liability during the winding-up process. According to RBI, the action follows earlier regulatory measures, including […]

Daijiworld Media Network - Mumbai Mumbai, Apr 24: In an unprecedented regulatory action, the Reserve Bank of India on Friday cancelled the banking licence of Paytm Payments Bank Ltd (PPBL) with immediate effect and said it will approach the High Court for winding up of the bank. The central bank said the action was t.....

Delhi: The Reserve Bank of India (RBI) has cancelled the license of Paytm Payments Bank Limited (PPBL), effectively shutting down its banking operations.

Paytm clarifies it has no ties to Payments Bank after RBI revoked its license, asserting PPBL operates independently.

Paytm clarifies it has no ties to Payments Bank after RBI revoked its license, asserting PPBL operates independently.

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.

Paytm confirms strong business momentum, unaffected by RBI's PPBL action, with no financial impact or service disruptions reported.

Paytm confirms strong business momentum, unaffected by RBI's PPBL action, with no financial impact or service disruptions reported.