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RBI Cancels Paytm Payments Bank's Banking Licence
The Reserve Bank of India (RBI) has officially cancelled the banking licence of Paytm Payments Bank. This decision follows various regulatory concerns regarding the bank's operations.
24 Apr, 14:16 — 24 Apr, 16:17
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indian-expressndtv
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Times of India
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Times of IndiaMostly Factual2h 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 Factual50m 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: 3 · 2h|Window: 2h
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