RBI removes Paytm Payments Bank from list of scheduled banks

🇮🇳 The Hindu (IN) —
RBI removes Paytm Payments Bank from list of scheduled banks

AI Summary

The Reserve Bank of India removed Paytm Payments Bank from its list of scheduled banks. The move follows the RBI's cancellation of the bank's licence in April for non-compliance with regulatory norms.

In April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms

Politics Markets Reserve Bank of India Paytm Payments Bank banking licence scheduled banks regulation compliance financial services

Read original source →