RBI cancels Paytm Payments Bank licence| Business News
The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Ltd., more than two years after the regulator imposed business curbs over violations, including lapses in customer due diligence. Paytm founder and CEO Vijay Shekhar Sharma. (PTI) Backed by One97 Communications Ltd., which once counted China’s Ant Group and…