💻 Technology 5h ago · Lokesh Choudhary

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The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank with effect from the close of business on April 24, 2026.
The bank is no longer allowed to carry out any banking activity with immediate effect. The RBI will also move the High Court to start winding up proceedings.
The central bank said the company has enough liquidity to repay all its depositors during the winding up process.
The RBI listed multiple reasons for the decision. It said the bank’s affairs were

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