RBI excludes Paytm Payments Bank from Second Schedule of scheduled banks
The RBI has excluded Paytm Payments Bank from its list of scheduled banks, formalizing its removal. This follows a Delhi High Court winding-up order and the earlier cancellation of PPBL’s banking licence due to serious regulatory violations. The Reserve Bank of India (RBI) has excluded Paytm Payments Bank Limited (PPBL) from the list of scheduled … Read more