Mumbai, April 28 -- Brokerage firms have largely said that the cancellation of the banking licence of Paytm Payments Bank Limited by the Reserve Bank of India is unlikely to have any direct financial or operational impact on One 97 Communications Limited.

According to a report by Emkay Global Financial Services, the impact on Paytm is negligible as the company had already terminated its commercial agreements with PPBL and fully impaired its equity investment by March 2024.

The brokerage said Paytm is "legally ring-fenced" from the payments bank entity. It also noted that the RBI granting a final Payment Aggregator licence to Paytm in November 2025 reflects regulatory comfort with the listed entity.

It said, "We do not see any financial...