Explained: why did the RBI cancel Paytm’s banking licence? | KLF Times
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Explained: why did the RBI cancel Paytm’s banking licence?
By KLF Times Desk•27 Apr 2026, 09:51 am•
Article Summary
— Copy of the press release The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited. The action was expected, albeit just a formality. The central bank effec…
RBI has cancelled Paytm Payments Bank’s licence, formalising its shutdown after years of compliance lapses, regulatory curbs, and failed revival hopes for the fintech firm. The post Explained: why did the RBI cancel Paytm’s banking licence? appeared first on …
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