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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 28-MAY-2026

PAYMENT SYSTEM OPERATORS (NON-BANK): CANCELLED BANKING LICENSE

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person PAYTM PAYMENTS BANK LTD.
  CONDUCTED ITS AFFAIRS IN A WAY THAT HARMFUL TO BANK AND ITS DEPOSITORS VIOLATING SECTION 22(3)(B) OF BANKING REGULATION ACT, 1949

GENERAL CHARACTER OF THE MANAGEMENT PREJUDICIAL TO THE INTEREST OF DEPOSITORS AND PUBLIC INTEREST VIOLATING SECTION 22(3)(C) OF THE BANKING REGULATION ACT, 1949

DID NOT ADHERE TO CONDITIONS OF PAYMENTS BANK LICENCE VIOLATING SECTION 22(3)(G) OF THE BANKING REGULATION ACT, 1949   		CANCELLED BANKING LICENSE FROM 24-APR-2026

PROHIBITED FROM CONDUCTING BANKING BUSINESS IN UNDER SECTION 5(B) OF THE BANKING REGULATION ACT, 1949 FROM 24-APR-2026

24-APR-2026 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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