The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited, effective from the close of business on April 24, 2026, marking a major regulatory action in India’s fintech sector. The decision has been taken under Section 22(4) of the Banking Regulation Act, 1949, following which the bank is prohibited … Continue reading Reserve Bank of India Cancels Paytm Payments Bank Licence