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Paytm drops NBFC licence bid after RBI cancels payments bank

Paytm drops NBFC licence bid after RBI cancels payments bank

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.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Paytm separates operations from Payments Bank after regulator action without derailing profits growth

Paytm separates operations from Payments Bank after regulator action without derailing profits growth

Paytm has separated its core operations from Paytm Payments Bank after regulatory action, aiming to protect business continuity and sharpen governance. Brokerages say the move has limited impact on the core business, while Paytm’s financials show ongoing improvement with revenue and profit growth. Merchant and consumer engagement remain strong, signaling a resilient model.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026

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RBI cancels Paytm Payments Bank license What happens next to your wallet and Paytm app

RBI cancels Paytm Payments Bank license What happens next to your wallet and Paytm app

The RBI has formally cancelled Paytm Payments Bank’s license, ending a process that started in 2022. The bank is now moving into winding-down, with repayments for depositors and wallet users. Key relief: your Paytm app and its payment services operate under a different license, so they are expected to continue functioning.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Paytm shares plunge 8% after RBI cancels Paytm Payments Bank license

Paytm shares plunge 8% after RBI cancels Paytm Payments Bank license

Paytm shares fell as much as 8% to an intraday low of Rs 1055.25 on April 27 after the RBI cancelled the license of Paytm Payments Bank Ltd. The central bank’s decision follows tighter restrictions on the payments bank’s core activities, adding fresh uncertainty for investors tied to Paytm’s fintech business.

Summarised by Beize from a story on Republic on 27 Apr 2026
RBI cancels Paytm Payments Bank licence but Paytm app still works for users

RBI cancels Paytm Payments Bank licence but Paytm app still works for users

The RBI has cancelled the banking licence of Paytm Payments Bank due to ongoing compliance issues. The bank can no longer accept deposits, but the Paytm app and core services are reported to remain unaffected. For users, this means you may still be able to use UPI and other payment features, even as the payments bank’s banking operations end.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
RBI Cancels Paytm Payments Bank Licence Over Governance Failures What Happens Next for Customers

RBI Cancels Paytm Payments Bank Licence Over Governance Failures What Happens Next for Customers

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.

Summarised by Beize from a story on Startup Talky on 25 Apr 2026

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RBI cancels Paytm Payments Bank licence What it means for your UPI payments now

RBI cancels Paytm Payments Bank licence What it means for your UPI payments now

RBI has cancelled the licence of Paytm Payments Bank Limited with immediate effect, triggering fresh worries among users about Paytm app services and Paytm UPI. While UPI operations may continue depending on underlying arrangements, the move raises questions about access to wallet balances, account features, and how payments and transfers will be handled going forward.

Summarised by Beize from a story on Republic on 24 Apr 2026
RBI Cancels Paytm Payments Bank License Shutting Fresh Deposit Access Now Ends Operations

RBI Cancels Paytm Payments Bank License Shutting Fresh Deposit Access Now Ends Operations

RBI has cancelled the license of Paytm Payments Bank after previously barring it from accepting fresh deposits since 2024. The decision signals the bank can’t continue operations as it did earlier, putting its account holders and associated services in focus. The RBI action follows heightened regulatory scrutiny of payment banks and their compliance obligations.

Summarised by Beize from a story on Office Chai on 24 Apr 2026
Jio Financial Services ramps up secured lending but postpones unsecured credit growth

Jio Financial Services ramps up secured lending but postpones unsecured credit growth

Jio Financial Services says it is expanding its lending book through property and asset-backed corporate loans, keeping its focus on secured segments for now. The company is prioritising balance sheet strength before moving into unsecured credit. Alongside lending growth, its payments bank and payment aggregator businesses are also expanding as it targets a broader full-service financial model.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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