RBI said the affairs of the Paytm Payments Bank were conducted in a manner detrimental to the interest of the bank and its depositors. It also said the general character of the management was prejudicial to the interest of depositors and public interest.

RBI cancels licence of Paytm Payments Bank, to seek its winding up in court

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RBI cancels licence of Paytm Payments Bank, to seek its winding up in court