RBI removes Paytm Payments Bank from list of scheduled banks

RBI removes Paytm Payments Bank from scheduled banks list

RBI excludes Paytm Payments Bank from the Second Schedule after cancellation of its banking licence and Delhi High Court’s winding-up order.

RBI removes Paytm Payments Bank from Scheduled List after license cancellation

The RBI has removed Paytm Payments Bank from the Second Schedule of the RBI Act. The step follows the cancellation of its licence and years of regulatory action.

Paytm Payments Bank Delisted From RBI’s Scheduled Banks List After Licence Cancellation

The Reserve Bank of India has formally excluded Paytm Payments Bank from the Second Schedule of the RBI Act, months after cancelling its banking licence. The bank is now being wound up. Paytm Payments Bank Delisted From RBI’s Scheduled Banks List After Licence Cancellation.

RBI removes Paytm Payments Bank from scheduled banks list - The Tribune

The Reserve Bank of India (RBI) has formally removed Paytm Payments Bank Ltd (PPBL) from the list of scheduled banks following the revocation of its banking licence.

RBI removes Paytm Payments Bank from list of scheduled banks after cancellation of banking licence — What we know

The Reserve Bank of India has removed Paytm Payments Bank from its list of recognised scheduled banks due to non-compliance with regulations. The bank's licence, cancelled in April 2023, was deemed detrimental to depositors' interests.

RBI removes Paytm Payments Bank from list of scheduled banks

In April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms, saying affairs of the bank were conducted in a manner detrimental to the interest of its depositors.