RBI cancels Paytm Payments Bank licence and orders winding up
→Paytm Payments Bank must cease all banking operations from April 24
Change
India's RBI cancelled Paytm Payments Bank's banking licence under Section 22(4) of the Banking Regulation Act, effective close of business 24 April 2026.
Why it matters
The bank cannot conduct any banking activity under Section 5(b) with immediate effect. RBI will file a winding-up application before the High Court. The bank holds enough liquidity to repay all deposit liabilities upon winding up.
Implications
- → Paytm Payments Bank must stop all banking operations immediately — licence void
- → Customers and counterparties must transition balances and services — continuity risk
Unlock the full brief.
Implications — what this change may force you to review
Who is affected — which people, workflows, or obligations are touched
What to watch — dates, deadlines, and triggers that matter next
Real-time alerts — delivered when a decision-forcing change is published
Clarify with AI — ask what this change means for you
Start free trial
No credit card · $29/month after trial · Active in seconds
Source
View on RBI