Paytm Announces Voluntary Winding Up of Payments Bank Following RBI Licence Cancellation
Published on: April 25, 2026, 10:09 p.m. | Source: scanx.trade
One 97 Communications Limited (Paytm) has disclosed the voluntary winding up of associate company Paytm Payments Bank Limited following RBI's banking licence cancellation on April 24, 2026. PPBL's Board and Shareholders approved winding-up resolutions on April 25, 2026. Paytm assured stakeholders of no material impact on its business operations, emphasizing zero exposure to PPBL and continued independent operations of all services including Paytm app, UPI, and payment solutions.
