RBI cancels banking license of Paytm Payments Bank, will go to High Court for closure & more related News Here
The Reserve Bank of India on Friday canceled the banking license of Paytm Payments Bank Ltd, ceasing its operations as a bank with effect from April 24. “The Reserve Bank of India (RBI) has canceled the banking license issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’)…