RBI Cancels Banking Licence Of Paytm Payments Bank
Published on: April 24, 2026, 7:23 p.m. | Source: Daily Excelsior
MUMBAI, Apr 24: The Reserve Bank of India on Friday said it has cancelled the banking licence issued to Paytm Payments Bank. The licence was cancelled as the “affairs of the bank were conducted in a manner detrimental to the interest of the bank and its depositors”, the RBI said in a statement. “The general character of the management of the bank is prejudicial to the interest of depositors as also the public interest,” it said. Consequently, Paytm Payments Bank […]
