Economy & Bankingv2 · 2 versions
Paytm Payments Bank: Licence Cancellation and Winding Up
Paytm Payments Bank Limited (PPBL) lost its RBI banking licence in April 2026 and is being wound up under a Delhi High Court order, with a court-appointed liquidator in charge. On 7 October 2026 the RBI announced that PPBL has also been removed from the Second Schedule to the RBI Act, 1934, so it is no longer a scheduled bank.
Last updated 7 October 20263 min read
Latest update
Records Paytm Payments Bank's exclusion from the RBI Act's Second Schedule by a notification of 31 July 2026: it is no longer a scheduled bank.
- Paytm Payments Bank
- PPBL
- RBI
- Delhi High Court
- Official Liquidator
- Banking Regulation Act
- winding up
- Second Schedule
- scheduled bank
- licence cancellation
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