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RBI Cancels Licence of Paytm Payments Bank, Orders Wind-Up

RBI Paytm Payments Bank India

Licence Revoked Under Banking Regulation Act

In its official statement, the RBI confirmed that the licence was withdrawn under Section 22(4) of the Banking Regulation Act, 1949. The decision took effect at the close of business on April 24, 2026. With this move, Paytm Payments Bank is no longer permitted to carry out any form of banking activity. This includes all operations defined under Section 5(b) of the Act, as well as any additional services outlined under Section 6.

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