The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank, dealing a significant blow to the fintech sector. The decision marks a major regulatory setback for One 97 Communications, Paytm’s parent company, which has faced increasing scrutiny from authorities in recent months. Following the announcement, shares of One 97 Communications experienced a sharp decline in trading, reflecting investor concerns about the company’s future operations and revenue streams.
The cancellation of the banking licence represents a critical challenge for Paytm, which has positioned itself as a leading digital payments platform in India. The company now faces the task of restructuring its business model and operations in response to the RBI’s directive. This regulatory action underscores the intensifying pressure on fintech companies operating in the Indian financial sector, as authorities tighten oversight of digital payment platforms and banking services.
Source: Sunday Guardian Live | April 27, 2026
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