https://www.taxtmi.com/news?id=72516 The Reserve Bank of India cancelled the banking licence issued to Paytm Payments Bank because its affairs were conducted in a manner detrimental to the interests of the bank, its depositors, and the public interest. The bank's management was said to be prejudicial to depositor protection and public interest. As a consequence, the bank is prohibited from conducting any banking business, and the RBI stated that it will apply to the High Court for winding up. The bank was also barred from onboarding new customers with effect from March 11, 2022. en-us Fri, 24 Apr 2026 19:31:03 +0530 Fri, 24 Apr 2026 19:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72516 The Reserve Bank of India cancelled the banking licence issued to Paytm Payments Bank because its affairs were conducted in a manner detrimental to the interests of the bank, its depositors, and the public interest. The bank's management was said to be prejudicial to depositor protection and public interest. As a consequence, the bank is prohibited from conducting any banking business, and the RBI stated that it will apply to the High Court for winding up. The bank was also barred from onboarding new customers with effect from March 11, 2022. News - Fri, 24 Apr 2026 19:31:03 +0530 https://www.taxtmi.com/news?id=72516