RBI Cancels Banking Licence Of Paytm Payments Bank | Here’s Why

New Delhi: The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’). The order is effective from close of business on April 24, 2026.The central bank stated that Paytm Payme

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