RBI removes Paytm Payments Bank from list of scheduled banks (opens in a new tab)
Why readRBI has formally removed Paytm Payments Bank from the scheduled-bank list after cancelling its licence and a court-ordered wind-up.
The Reserve Bank of India removed Paytm Payments Bank Ltd from the Second Schedule to the RBI Act, 1934. The move follows the April licence cancellation for non-compliance and the Delhi High Court's wind-up order, making it a relevant governance and third-party risk event for financial-sector leaders.