RBI Revokes Paytm Payments Bank Licence Under Section 22(4) of Banking Regulation Act
The Reserve Bank of India cancelled Paytm Payments Bank Limited’s licence effective April 24, 2026, citing management conduct prejudicial to public interest and depositor safety. Invoking the Banking Regulation Act, 1949, the regulator has prohibited the entity from all banking operations and will apply for its winding up. While operations cease immediately, the RBI confirmed the bank maintains sufficient liquidity to repay all deposit liabilities.