09-October-2026
Markets and Finance
 
RBI removes Paytm Payments Bank from scheduled banks list: What it means for customers?
08-Oct-2026

The Reserve Bank of India on Wednesday announced the removal of Paytm Payments Bank Ltd (PPBL) from its list of scheduled banks, months after cancelling its banking licence and following a Delhi High Court order to wind up the lender. When it cancelled PPBL’s licence in April, the RBI said the bank had sufficient liquidity to repay its entire deposit liability during winding up. The assurance related to repayment of deposits as part of that process.

News Source:- https://www.financialexpress.com/business/news/rbi-removes-paytm-payments-bank-from-scheduled-banks-list-what-it-means-for-customers/4355772/?ref=hometop_hp