Indian banking sector - Jharkhand Mirror

RBI Pulls Plug on Paytm Payments Bank, Orders Immediate Shutdown

April 24, 2026April 25, 2026 - by Jharkhand Mirror - Leave a Comment

The RBI has cancelled Paytm Payments Bank’s licence, ordering an immediate shutdown. Depositors assured of safety as regulatory action follows years of compliance concerns.

National / International / Slider / Top Stories

India Plans Fresh Round of Bank Mergers: Sitharaman Signals Mega Consolidation

November 7, 2025November 7, 2025 - by Jharkhand Mirror - Leave a Comment

Finance Minister Nirmala Sitharaman confirms India’s next wave of bank mergers, saying discussions with RBI and banks are underway to build large, world-class financial institutions capable of driving national growth.