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

Paytm, India's digital payments pioneer, is again in the news owing to a regulatory crackdown. The company has notified its investors of an administrative warning from the country's market regulator, SEBI, over related-party transactions with Paytm Payments Bank in FY22 without auditor approval.

Paytm assures adherence amid SEBI warning for related party transactions

Shares of India's Paytm have emerged as one of the worst performers globally, ahead of earnings release likely to indicate growing losses for the troubled payments network.

Paytm's shares plummet amid mounting losses and regulatory hurdles

Paytm is facing a tumultuous period as its parent company, One 97 Communications, grapples with regulatory scrutiny. Amid speculations of workforce reductions, Paytm's head of communications has addressed concerns to WION, denying any layoff intentions.

Paytm addresses workforce reduction speculations amid regulatory scrutiny

The Reserve Bank of India (RBI) has asked Paytm Payments Bank to wind down its operations. In January 2024, the central bank ordered the Paytm Payments Bank, an associate of Paytm, to halt taking any fresh deposits in its account or wallet from February 29.

Paytm FASTag recharge will not be available after March 15. Here's a list of authorised banks

Indian financial technology company Paytm and its payments bank unit mutually agreed to discontinue various inter-company agreements in the process to reduce dependencies.

India's Paytm and its payments bank agree to discontinue inter-company deals

Paytm founder and CEO Vijay Shekhar Sharma has stepped down as the chairman of Paytm Payments Bank, according to an exchange filing, on Monday (Feb 26). This comes as the embattled company overhauled its board in the wake of a clampdown by India’s central bank – the Reserve Bank of India (RBI).

Paytm CEO Vijay Shekhar Sharma steps down from payments bank board amid crisis

India's road tolling authority has excluded Paytm Payments Bank from its list of 32 authorised banks for purchasing FASTags, signalling significant changes for the estimated 20 million Paytm FASTag users.

Paytm Payments Bank excluded from authorised banks list for FASTags: Report

PayTM is facing more trouble as the Employee Provident Fund Organisation (EPFO) has announced that it will block deposits and credits into EPF accounts linked with Paytm Payments Bank.

More trouble for Paytm, EPFO blocks transactions into accounts linked with Paytm Payments Bank

India's Central Bank has dropped the hammer on Paytm Payments Bank. In a move prompted by supervisory concerns, the central bank has imposed stringent restrictions on the digital banking giant. This means Paytm can no longer accept new deposits, credit transactions, or top-ups in any accounts after February 29th.

Paytm Payments Bank in limbo: India's RBI hits Paytm Payments Bank

India's central bank - the Reserve Bank of India (RBI) - on Wednesday (Jan 31) ordered Paytm Payments Bank (the banking arm of Paytm) to stop accepting fresh deposits in its accounts or popular wallets from March.

Explained | RBI orders Paytm’s banking arm to stop fresh business. What happens next?

The company will transfer its wallet business to the newly incorporated entity?PPBL

Paytm Payments Bank to start operations on May 23

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