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RBI Revokes Paytm Payments Bank's Banking License

The Reserve Bank of India (RBI) has officially revoked the banking license of Paytm Payments Bank. This decision will significantly impact the operations of the digital payments entity.

24 Apr, 14:16 — 24 Apr, 14:16
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Sources

Showing 1 of 3 sources
Times of IndiaMostly Factual1h 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

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Coverage Timeline

First report: ndtv · 24 Apr, 14:00Full coverage: 3 · 16mWindow: 16m
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ndtv24 Apr, 14:00First to report

Paytm Payments Bank's Licence Cancelled By RBI

indian-express24 Apr, 14:08

RBI cancels Paytm Payments Bank licence

Times of India24 Apr, 14:16Latest update

RBI revokes Paytm Payments Bank's banking licence

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