RBI Cancels Paytm Payments Bank Licence Amidst Financial Stability Concerns
The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited (PPBL) effective from April 24, 2026, amidst concerns over its financial stability. The RBI’s decision has sent shockwaves across the financial markets, raising questions over Paytm’s future banking services.