RBI removes Paytm Payments Bank from scheduled banks list
after close1 source ↓machine-written, see hownot a recommendation
The Reserve Bank of India (RBI) has removed Paytm Payments Bank from the scheduled banks list, following its licence cancellation in April 2026 due to regulatory violations. This action formalizes the bank's closure, although customers face no immediate restrictions. The RBI's concerns about management practices have raised alarms among investors.
Not investment advice. For informational purposes only.