The RBI revoked Paytm Payments Bank's licence due to persistent non-compliance and concerns over its operations. The bank will undergo winding-up proceedings, with RBI set to approach the High Court for the process. Details here ....
The statement comes after the RBI, in a press release dated April 24, cancelled the banking licence of Paytm Payments BankLimited with effect from the close of business on April 24, 2026 ... The RBI has ...
This might intensify regulatory scrutiny on the parent and on any new or existing licences held by group entities, and might act as a red flag for new RBI licences ... RBI had directed the bank to stop onboarding new customers from March 11, 2022.