Reserve Bank of India revoked Paytm License

The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited (PPBL), effective from April 24, 2026.Budget flight deals

This final action follows a series of regulatory restrictions that began in early 2024 due to "persistent non-compliance" and "material supervisory concerns".

Key Impact on Services

Immediate Cessation: The bank is prohibited from conducting any banking activities as of April 24, 2026.
Winding Up: The RBI has initiated steps to wind up the entity before the High Court.
Existing Restrictions: Prior to the cancellation, the bank was already restricted from accepting new deposits, credit transactions, or top-ups in customer accounts, wallets, and FASTags since March 15,