Paytm Shares Drop After RBI Revokes Payments Bank Licence #
Shares of Paytm fell about 7% after the Reserve Bank of India cancelled the banking licence of its payments bank unit. The regulatory action affects the company’s ability to operate key banking functions, marking a significant development for one of India’s largest fintech platforms
The decision highlights ongoing regulatory pressure in India’s payments sector, where authorities have tightened oversight on compliance and operational standards. For Paytm, the move raises questions about its banking-related services and underscores the impact regulatory actions can have on fintech business models and market confidence.