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RBI removes Paytm Payments Bank from list of scheduled banks

The Hindu
By The Hindu Staff
2 hours ago 1 views
RBI removes Paytm Payments Bank from list of scheduled banks
Photo credit: The Hindu
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Special Arrangement
Photo credit: The Hindu

Representational image. Photo: Special Arrangement

The Reserve Bank has officially removed Paytm Payments Bank Ltd (PPBL) from the list of recognised scheduled banks following the cancellation of its banking licence.

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.

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Later, the Delhi High Court ordered that PPBL be wound up.

"Paytm Payments Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934...," the central bank said in a statement on Wednesday (October 7, 2026).

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Originally published by The Hindu on Oct 8, 2026 Read the full article at thehindu.com
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