# RBI removes Paytm Payments Bank from scheduled banks list 2026-10-07T14:21:59+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets The Reserve Bank of India (RBI) has formally removed Paytm Payments Bank Ltd (PPBL) from the list of scheduled banks following the cancellation of its banking licence, according to a statement from the central bank on Wednesday, 7 October 2026. The notification was issued on 31 July and published in the Gazette of India in September. The exclusion from the Second Schedule of the RBI Act, 1934 marks the latest step in the winding down of the lender. The RBI had cancelled PPBL's banking licence in April 2026 for non-compliance with norms, stating the bank's affairs were conducted in a manner detrimental to the interests of its depositors. The Delhi High Court subsequently ordered the winding up of the bank. PPBL, an associate of Vijay Shekhar Sharma-promoted fintech Paytm, had faced regulatory restrictions since March 2022, including a ban on onboarding new customers and further curbs on deposits and top-ups in January and February 2024. ## Indian Opinion Analysis Both CNBC TV18 and Economic Times provide straight neutral-report coverage of the RBI's removal of Paytm Payments Bank from the scheduled banks list, attributing facts directly to the central bank's statement and noting the prior licence cancellation and Delhi High Court winding-up order. Neither outlet introduces a pro-government or critical stance, the framing is uniform, agency-style reporting on the regulatory action. The implications of the exclusion, as stated by both sources, are that the bank's changed regulatory status is now formally recorded, completing another phase of the wind-down process initiated by the RBI's April 2026 licence cancellation. ## Coverage Coverage: 2 sources, 2 neutral - cnbctv18.com (neutral report) Straightforward reporting of RBI notification and timeline - economictimes.indiatimes.com (neutral report) Straightforward reporting of RBI notification and timeline This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Tags: Delhi High Court, Paytm Payments Bank, RBI, Vijay Shekhar Sharma Canonical: https://indianopinion.org/rbi-removes-paytm-payments-bank-from-scheduled-banks-list/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-removes-paytm-payments-bank-from-scheduled-banks-list/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/