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RBI removes Paytm Payments Bank from scheduled banks list after licence cancellation

Digital Desk | New Delhi, Oct 7 (IANS) The Reserve Bank of India (RBI) on Wednesday announced that it has removed Paytm Payments Bank Limited (PPBL) from the list of scheduled banks, formally reflecting the lender's changed regulatory status following the cancellation of its banking licence earlier this year. In a notification, the central bank said Paytm Payments Bank has been excluded from the Second Schedule of the Reserve Bank of India Act, 1934, which contains the list of banks recognised a

7 Oct 2026 7:59 pm