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RBI Cancels Paytm Payments Bank's Operating Licence
India's central bank, the Reserve Bank of India (RBI), has revoked the banking licence of Paytm Payments Bank. This decision effectively cancels the bank's ability to operate.
24 Apr, 14:16 — 24 Apr, 16:17
The Story
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High (56/100)4 sources30/33
Spectrum spread— 3/5 buckets covered17/33
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Reuters
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Geographic diversity— 2 regions9/34
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Sources
Showing 2 of 4 sources
Times of IndiaMostly Factual5d ago
RBI revokes Paytm Payments Bank's banking licence
The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank Limited, effective April 24. The central bank cited violations of the Banking Regulation Act, including mismanagement and failure to protect depositor interests. The RBI will initiate winding-up proceedings, assuring depositors of full repayment.
By TOI BUSINESS DESK
Read full article →indian-expressMostly Factual5d ago
Why RBI cancelled Paytm Payments Bank’s banking licence
By George Mathew
Read full article →Coverage Timeline
First report: ndtv · 24 Apr, 14:00|Full coverage: 4 · 3h|Window: 3h
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