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VERIFIEDMint Money·negative
RBI removes Paytm Payments Bank from list of scheduled banks after cancellation of banking licence — What we know
AI Summary
- ·The Reserve Bank of India has removed Paytm Payments Bank from the list of scheduled banks.
- ·This action was taken due to non-compliance with regulations.
- ·The bank's license was cancelled in April 2023, deemed detrimental to depositors' interests.