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RBI Cancels Paytm Payments Bank Licence Over Governance Failures What Happens Next for Customers
Business
Published on 25 April 2026
A first-ever-style RBI ban now ends PPB banking
The RBI has revoked Paytm Payments Bank’s licence, citing governance and management practices harmful to depositors and the public. The decision, under the Banking Regulation Act, takes effect from April 24, 2026 and will bar Paytm Payments Bank from operating as a bank. RBI will seek winding up through the High Court, while Paytm says it is not financially affected.
- RBI revoked Paytm Payments Bank licence over governance failures
- Licence cancellation effective April 24 2026 ends banking operations
- RBI will move to wind up via the High Court
- Paytm says the revocation does not affect its finances
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This summarization was done by Beige for a story published on 
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