RBI Casts a Spell, Banishes Paytm Payments Bank License

In a dramatic twist of fate, the Reserve Bank of India has cast a powerful spell, making Paytm Payments Bank’s license disappear into the ether as of April 24, 2026. With a flourish, the central bank has initiated a grand winding-up ceremony, ensuring all depositors are repaid in full as the bank's magical operations come to a halt, leaving the wizarding world in astonishment.