Paytm Payments Bank Excluded from RBI Schedule

Document title: Exclusion of Paytm Payments Bank Limited from the Second Schedule to the Reserve Bank of India Act, 1934

Issuing authority: Reserve Bank of India (RBI)

Reference number: Notification DoR.LIC.No.S3674/16.13.215/2026-27

Date of notification: 31 July 2026; Gazette publication: 07 September 2026; Press release date: 07 October 2026

Regulatory and Policy Measures

The Reserve Bank of India issued Notification DoR.LIC.No.S3674/16.13.215/2026-27 on 31 July 2026, formally excluding Paytm Payments Bank Limited from the Second Schedule to the RBI Act, 1934. This action removes the bank’s inclusion under the schedule, effectively cancelling the licence/approval previously granted under that provision.

The exclusion was subsequently published in the Gazette of India (Part III – Section 4) on 07 September 2026, providing official public notice of the regulatory change.

The press release, identified as 2026‑2027/1273, was released on 07 October 2026 by the Chief General Manager, Brij Raj, confirming the RBI’s decision and its publication details.

In summary, Paytm Payments Bank Limited’s status under the Second Schedule of the RBI Act has been terminated, as documented by the RBI notification and Gazette publication.