{"id":150945,"date":"2026-04-24T22:49:29","date_gmt":"2026-04-24T17:19:29","guid":{"rendered":"http:\/\/indusvalleytimes.com\/news\/?p=150945"},"modified":"2026-04-24T22:49:30","modified_gmt":"2026-04-24T17:19:30","slug":"rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court","status":"publish","type":"post","link":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/","title":{"rendered":"RBI cancels Paytm Payments Bank licence, to seek winding up in High Court"},"content":{"rendered":"\n<p class=\"caps\">MUMBAI, APR 24 : The Reserve Bank of India (RBI) on Friday cancelled the banking licence of Paytm Payments Bank Ltd (PPBL) with immediate effect and said it will move the High Court for winding up of the bank, marking an unprecedented regulatory action against a payments bank.<\/p>\n\n\n\n<p>The central bank said the licence was cancelled under Section 22(4) of the Banking Regulation Act, 1949, after finding that the affairs of the bank were conducted in a manner detrimental to the interests of the bank and its depositors, while also citing governance concerns and violations of licensing conditions.<\/p>\n\n\n\n<p>With the cancellation effective from the close of business on April 24, PPBL has been prohibited from conducting banking business or any additional business permitted under the Banking Regulation Act.<\/p>\n\n\n\n<p>RBI said Paytm Payments Bank has sufficient liquidity to repay its entire deposit liabilities upon winding up, seeking to reassure customers amid the drastic action.<\/p>\n\n\n\n<p>The regulator listed multiple grounds for the cancellation, including non-compliance with provisions related to depositor interests and public interest, as well as failure to meet conditions attached to its payments bank licence.<\/p>\n\n\n\n<p>Friday\u2019s action follows a series of regulatory curbs imposed on the bank over the past few years. RBI had directed PPBL to stop onboarding new customers from March 11, 2022. Subsequently, in January and February 2024, the regulator imposed business restrictions that barred further deposits, credits and top-ups in existing customer accounts, wallets and prepaid instruments.<\/p>\n\n\n\n<p><strong>-PTI<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI, APR 24 : The Reserve Bank of India (RBI) on Friday cancelled the banking licence of Paytm Payments Bank Ltd (PPBL) with immediate effect and said it will move<\/p>\n","protected":false},"author":1,"featured_media":150946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[13,348],"tags":[271,12913,2721],"class_list":["post-150945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-national-news","tag-mumbai","tag-paytm","tag-rbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RBI cancels Paytm Payments Bank licence, to seek<\/title>\n<meta name=\"description\" content=\"RBI cancels Paytm Payments Bank licence, to seek winding up in High CourtRBI cancels Paytm Payments Bank licence, to seek\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI cancels Paytm Payments Bank licence, to seek\" \/>\n<meta property=\"og:description\" content=\"RBI cancels Paytm Payments Bank licence, to seek winding up in High CourtRBI cancels Paytm Payments Bank licence, to seek\" \/>\n<meta property=\"og:url\" content=\"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/\" \/>\n<meta property=\"og:site_name\" content=\"Indus Valley Times\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-24T17:19:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-24T17:19:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/indusvalleytimes.com\/news\/wp-content\/uploads\/2026\/04\/PAYTM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"306\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"indadmin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"indadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/\"},\"author\":{\"name\":\"indadmin\",\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/#\\\/schema\\\/person\\\/229ac2ee13eea90327e2e7301c3ef206\"},\"headline\":\"RBI cancels Paytm Payments Bank licence, to seek winding up in High Court\",\"datePublished\":\"2026-04-24T17:19:29+00:00\",\"dateModified\":\"2026-04-24T17:19:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/\"},\"wordCount\":248,\"publisher\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/PAYTM.png\",\"keywords\":[\"Mumbai\",\"paytm\",\"RBI\"],\"articleSection\":[\"Business\",\"National News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/\",\"url\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/\",\"name\":\"RBI cancels Paytm Payments Bank licence, to seek\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/PAYTM.png\",\"datePublished\":\"2026-04-24T17:19:29+00:00\",\"dateModified\":\"2026-04-24T17:19:30+00:00\",\"description\":\"RBI cancels Paytm Payments Bank licence, to seek winding up in High CourtRBI cancels Paytm Payments Bank licence, to seek\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/#primaryimage\",\"url\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/PAYTM.png\",\"contentUrl\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/PAYTM.png\",\"width\":640,\"height\":306},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBI cancels Paytm Payments Bank licence, to seek winding up in High Court\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/\",\"name\":\"Indus Valley Times\",\"description\":\"Leading Newspaper of Odisha\",\"publisher\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/#organization\",\"name\":\"Indus Valley Times\",\"url\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"http:\\\/\\\/indusvalleytimes.com\\\/news\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/logo.png\",\"contentUrl\":\"http:\\\/\\\/indusvalleytimes.com\\\/news\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/logo.png\",\"width\":440,\"height\":111,\"caption\":\"Indus Valley Times\"},\"image\":{\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/#\\\/schema\\\/person\\\/229ac2ee13eea90327e2e7301c3ef206\",\"name\":\"indadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9b6f9b03321fc8effd1d678eb205a8c244bf8b1ceb3282aa64a44cda4666e3ea?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9b6f9b03321fc8effd1d678eb205a8c244bf8b1ceb3282aa64a44cda4666e3ea?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9b6f9b03321fc8effd1d678eb205a8c244bf8b1ceb3282aa64a44cda4666e3ea?s=96&d=mm&r=g\",\"caption\":\"indadmin\"},\"url\":\"https:\\\/\\\/indusvalleytimes.com\\\/news\\\/author\\\/indadmin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RBI cancels Paytm Payments Bank licence, to seek","description":"RBI cancels Paytm Payments Bank licence, to seek winding up in High CourtRBI cancels Paytm Payments Bank licence, to seek","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/","og_locale":"en_US","og_type":"article","og_title":"RBI cancels Paytm Payments Bank licence, to seek","og_description":"RBI cancels Paytm Payments Bank licence, to seek winding up in High CourtRBI cancels Paytm Payments Bank licence, to seek","og_url":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/","og_site_name":"Indus Valley Times","article_published_time":"2026-04-24T17:19:29+00:00","article_modified_time":"2026-04-24T17:19:30+00:00","og_image":[{"width":640,"height":306,"url":"https:\/\/indusvalleytimes.com\/news\/wp-content\/uploads\/2026\/04\/PAYTM.png","type":"image\/png"}],"author":"indadmin","twitter_misc":{"Written by":"indadmin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/#article","isPartOf":{"@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/"},"author":{"name":"indadmin","@id":"https:\/\/indusvalleytimes.com\/news\/#\/schema\/person\/229ac2ee13eea90327e2e7301c3ef206"},"headline":"RBI cancels Paytm Payments Bank licence, to seek winding up in High Court","datePublished":"2026-04-24T17:19:29+00:00","dateModified":"2026-04-24T17:19:30+00:00","mainEntityOfPage":{"@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/"},"wordCount":248,"publisher":{"@id":"https:\/\/indusvalleytimes.com\/news\/#organization"},"image":{"@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/#primaryimage"},"thumbnailUrl":"https:\/\/indusvalleytimes.com\/news\/wp-content\/uploads\/2026\/04\/PAYTM.png","keywords":["Mumbai","paytm","RBI"],"articleSection":["Business","National News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/","url":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/","name":"RBI cancels Paytm Payments Bank licence, to seek","isPartOf":{"@id":"https:\/\/indusvalleytimes.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/#primaryimage"},"image":{"@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/#primaryimage"},"thumbnailUrl":"https:\/\/indusvalleytimes.com\/news\/wp-content\/uploads\/2026\/04\/PAYTM.png","datePublished":"2026-04-24T17:19:29+00:00","dateModified":"2026-04-24T17:19:30+00:00","description":"RBI cancels Paytm Payments Bank licence, to seek winding up in High CourtRBI cancels Paytm Payments Bank licence, to seek","breadcrumb":{"@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/#primaryimage","url":"https:\/\/indusvalleytimes.com\/news\/wp-content\/uploads\/2026\/04\/PAYTM.png","contentUrl":"https:\/\/indusvalleytimes.com\/news\/wp-content\/uploads\/2026\/04\/PAYTM.png","width":640,"height":306},{"@type":"BreadcrumbList","@id":"https:\/\/indusvalleytimes.com\/news\/rbi-cancels-paytm-payments-bank-licence-to-seek-winding-up-in-high-court\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/indusvalleytimes.com\/news\/"},{"@type":"ListItem","position":2,"name":"RBI cancels Paytm Payments Bank licence, to seek winding up in High Court"}]},{"@type":"WebSite","@id":"https:\/\/indusvalleytimes.com\/news\/#website","url":"https:\/\/indusvalleytimes.com\/news\/","name":"Indus Valley Times","description":"Leading Newspaper of Odisha","publisher":{"@id":"https:\/\/indusvalleytimes.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/indusvalleytimes.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/indusvalleytimes.com\/news\/#organization","name":"Indus Valley Times","url":"https:\/\/indusvalleytimes.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/indusvalleytimes.com\/news\/#\/schema\/logo\/image\/","url":"http:\/\/indusvalleytimes.com\/news\/wp-content\/uploads\/2015\/07\/logo.png","contentUrl":"http:\/\/indusvalleytimes.com\/news\/wp-content\/uploads\/2015\/07\/logo.png","width":440,"height":111,"caption":"Indus Valley Times"},"image":{"@id":"https:\/\/indusvalleytimes.com\/news\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/indusvalleytimes.com\/news\/#\/schema\/person\/229ac2ee13eea90327e2e7301c3ef206","name":"indadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9b6f9b03321fc8effd1d678eb205a8c244bf8b1ceb3282aa64a44cda4666e3ea?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9b6f9b03321fc8effd1d678eb205a8c244bf8b1ceb3282aa64a44cda4666e3ea?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9b6f9b03321fc8effd1d678eb205a8c244bf8b1ceb3282aa64a44cda4666e3ea?s=96&d=mm&r=g","caption":"indadmin"},"url":"https:\/\/indusvalleytimes.com\/news\/author\/indadmin\/"}]}},"jetpack_featured_media_url":"https:\/\/indusvalleytimes.com\/news\/wp-content\/uploads\/2026\/04\/PAYTM.png","_links":{"self":[{"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/posts\/150945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/comments?post=150945"}],"version-history":[{"count":1,"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/posts\/150945\/revisions"}],"predecessor-version":[{"id":150947,"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/posts\/150945\/revisions\/150947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/media\/150946"}],"wp:attachment":[{"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/media?parent=150945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/categories?post=150945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indusvalleytimes.com\/news\/wp-json\/wp\/v2\/tags?post=150945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}