Paytm Payments Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
Cancellation of banking licence
The supplied reference states that the RBI cancelled PPBL's licence for continuing non-compliance and breaches of licensing conditions, and planned to seek winding-up proceedings.
2024
Persistent non-compliance and operating restrictions
Following external-auditor findings, the RBI imposed broad restrictions on onboarding, deposits, credit transactions and top-ups across PPBL accounts and related payment instruments.
2022
Material supervisory concerns
The RBI prohibited PPBL from onboarding new customers, citing material supervisory concerns.
2021
Payments and settlement-law violation
The RBI imposed a ₹1 crore penalty after finding violations relating to payments and settlement regulations.
2018
KYC and customer-acquisition compliance concerns
An RBI audit raised concerns about the bank's customer-acquisition processes and adherence to KYC requirements, resulting in a temporary ban on opening new customer accounts.