RBI cancels Paytm Payments Bank license, One97 Communications loses ₹6,000cr
NewsBytes | April 28, 2026 7:42 PM CST
RBI says rule breaches, funds sufficient
The RBI said it pulled the plug because Paytm Payments Bank broke several rules and its management practices were not protecting customers or serving the public good.
While that sounds serious, the RBI also reassured everyone that the bank has enough funds to pay back depositors.
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