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RBI cancels Paytm Payments Bank licence leaving Paytm users facing uncertainty
Business
Published on 24 April 2026
The banking licence has been formally withdrawn
The RBI has cancelled the licence of Paytm Payments Bank, saying it can no longer conduct banking business under the Banking Regulation Act. The move raises fresh questions for customers and the wider Paytm ecosystem, as the regulator formally ends the bank’s authority to operate. Details on next steps for users are now the key focus.
- RBI has cancelled Paytm Payments Bank’s licence
- The regulator says the bank can’t conduct banking business under the Act
- Paytm customers may face operational uncertainty
- Further guidance on the transition is expected
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times