RBI drops Paytm Payments Bank from scheduled banks list
By United One News · AI-generated summary of 3 outlets' reporting
Published · Updated
AI-generated summary of the coverage listed below:
The Reserve Bank of India removed Paytm Payments Bank from its scheduled banks list after canceling its licence for non‑compliance.
- RBI cancelled Paytm’s banking licence in April for failing to meet regulatory norms.
- The bank’s operations were deemed detrimental to depositors’ interests.
- Paytm Payments Bank is no longer recognised as a scheduled bank by the RBI.
Covered by 3 outlets across the spectrum: 0% left, 67% center, 33% right.
How each side framed it
RBI removes Paytm Payments Bank from list of scheduled banks
RBI Removes Paytm Payments Bank From Scheduled Banks List
Timeline
First reported by YourStory on ; 3 articles from 3 outlets so far.
Who is covering this story
- Center (2): YourStory, Deccan Herald
- Right-leaning (1): Deccan Chronicle