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BT Explainer: Why RBI cancelled Paytm Payments Bank’s licence — a breakdown of regulatory lapses, concerns
April 24, 2026
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Posted 6 hours ago by
The RBI found that Paytm Payments Bank failed to comply with key provisions of the Banking Regulation Act, 1949. Specifically, the bank did not meet conditions under its payments bank licence, including rules related to customer due diligence, use of funds, and technology systems.
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