Paytm Payments Bk to end ops post RBI licence cancellation, says One 97 Comm
This story was originally published at 09:23 IST on 27 April 2026
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--One 97 Comm board OKs winding-up of associate co Paytm Payments Bk
--One 97 Comm winds up Paytm Payments Bk post RBI cancels banking licence
MUMBAI – The board and shareholders of Paytm Payments Bank Ltd. Saturday approved the winding up of the company after the Reserve Bank of India cancelled its banking licence on Friday, according to an exchange filing by One 97 Communications Ltd., which owns the Paytm brand.
One 97 Communications also said that once the winding up order becomes effective, Paytm Payments Bank will no longer be an associate company of the Paytm operator. The RBI cancelled the banking licence of Paytm Payments due to non-compliance with regulations. One 97 Communications said the winding up will not affect its other operations and services, including the Paytm app and the payment ecosystem associated with the app.
At 0920 IST, shares of One 97 Communications were down over 6% at INR 1,077.90 on the National Stock Exchange. For the December quarter, the company reported a consolidated net profit of INR 2.25 billion on revenues of INR 21.94 billion. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Suryash Kumar
Edited by Ashish Shirke
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