Mumbai, April 24, 2026 (Udaipur Kiran): In a major regulatory action, the Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank Limited, citing serious violations and concerns over its functioning. According to RBI, the licence stands cancelled with effect from the close of business on April 24, 2026. The regulator stated … Read more
One 97 Communications Limited (OCL), which owns the Paytm brand, has received approval from the NPCI to begin migrating users to a new Payment System Provider (PSP) bank. Paytm joins Axis Bank, HDFC Bank and State Bank of India (SBI) after NPCI received approval to appoint OCL as Third Party Application Provider (TPAP) for the … Read more
Indian digital payments company Paytm Payments Bank plans to reduce its banking workforce by nearly 20 percent as the central bank’s deadline to suspend most operations approaches and the sector’s future remains uncertain, two people said. According to sources, payments bank Paytm has decided to cut staff in certain departments, including operations. According to information … Read more
New Delhi : One 97 Communications Ltd (OCL), which operates popular fintech brand Paytm, on Monday said that its associate bank Paytm Payments Bank Limited, has reconstituted its Board of Directors. It appointed Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar Garg, … Read more
