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Paytm drops NBFC licence bid after RBI cancels payments bank
Business
Published on 7 May 2026
Paytm will lend through partners instead of an NBFC
Paytm says it will not pursue an NBFC licence, choosing a partnership model for lending instead. The decision follows the RBI cancelling Paytm Payments Bank’s licence. Despite the regulatory setback, Paytm reported a consolidated profit of Rs 183 crore in the fourth quarter, marking a strong turnaround, while revenues also rose.
- Paytm rules out seeking an NBFC licence
- Lending plans shift to partnerships with other entities
- Decision follows cancellation of Paytm Payments Bank licence by RBI
- Fourth-quarter profit jumps to Rs 183 crore
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times