Paytm Payments Bank Licence Cancelled by RBI

RBI cancelled the banking licence of Paytm Payments Bank Limited effective close of business on April 24, 2026.
The cancellation cites detrimental management conduct, non‑compliance with Sections 22(3)(b), (c), (e), (g) of the Banking Regulation Act.
RBI will seek winding‑up of the bank before the High Court, noting sufficient liquidity to repay all deposit liabilities.
Prior restrictions included halting new customer onboarding from March 11, 2022 and deposit/credit limits imposed Jan 31 and Feb 16, 2024.