Mumbai, April 27 -- On Friday (April 24), Paytm stated that the Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank with effect from the close of business on 24 April 2026, citing regulatory violations and concerns over depositor interest and governance.

The central bank said the payments bank failed to comply with licensing conditions and that its affairs were conducted in a manner detrimental to depositors. It added that allowing the bank to continue would not serve public interest and that it would initiate winding-up proceedings before the High Court.

Following the development, One 97 Communications clarified that there is no financial or business impact on the company. It said it has no exposure to Paytm ...