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Economy and Finance

RBI cancels banking licence of Paytm Payments Bank: Read why the decision was taken and what it means for users

Shriti Sagar -
The RBI further said that the management’s conduct was “prejudicial to the interest of the depositors,” which is a serious concern for any financial institution.
Economy and Finance

Reserve Bank of India cancels banking licence of Paytm Payments Bank Limited, says the bank is not complying with the law

OpIndia Staff -
The Reserve Bank of India (RBI) today cancelled the banking licence of Paytm Payments Bank Limited (PPBL) with immediate effect, marking the end of...
Economy and Finance

ED terminates FEMA case against Paytm subsidiary Nearbuy as per RBI compounding order on payment of ₹4.28 lakh penalty

OpIndia Staff -
The Enforcement Directorate (ED) on 19th December, 2025, announced the termination of Foreign Exchange Management Act (FEMA) violation proceedings against Nearbuy India Private Limited,...
News Reports

New limits, autopay timings and more: All you need to know about the changes in UPI rules that will take effect from August

OpIndia Staff -
The UPI guidelines will not impact routine payments, but they will aid in decreasing delays and failed transactions.
News Reports

RBI gives 15-day extension to Paytm Payments Bank, issues FAQ clarifying that Paytm QR, Soundbox and POS terminal linked to other banks will continue...

ANI -
The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits.
News Reports

Persistent non-compliance: RBI explains why they took action against PayTM Bank

OpIndia Staff -
Speaking about RBI’s order against Paytm Payments Bank (PPB), RBI deputy governor Swaminathan J explained that the action was taken only after giving the firm sufficient time to comply
News Reports

Trader’s body CAIT advises traders to switch from Paytm to other payment apps following RBI’s order against Paytm Payments Bank

OpIndia Staff -
"CAIT believes that if there is any evidence of fund irregularities, the Enforcement Directorate (ED) should investigate Paytm Payment Bank," the release added.
News Reports

RBI bars Paytm Payments Bank from onboarding new consumers with immediate effect, banking transactions to be stopped from 29 February

OpIndia Staff -
RBI has said that Paytm Payments Bank will not be allowed to do any deposits or credit transactions or top ups after 29th February
News Reports

NPCI says no extra burden on customers after introducing interchange fee on select UPI transactions, here is what you need to know

OpIndia Staff -
Interchange fee will only be applicable for certain specific transactions, and will be not applicable for bank-to-bank transfers and payments by customers
News Reports

Alibaba sells over half of its stake in Paytm after selling shares in BigBasket and Zomato, rumoured to be exiting India

ANI -
Alibaba sold about 3.1% in Paytm of its total equity of about 6% in a block deal, seems to be making an exit from India
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