One 97 Communications Ltd

Paytm Payments Bank to Wind Up Operations Following RBI License Cancellation 🏦

- Paytm Payments Bank (PPBL) is winding up voluntarily following RBI's cancellation of its banking license effective April 24, 2026.

- The Board and Shareholders approved winding-up resolutions on April 25, 2026 as instructed by RBI.

- PPBL will cease to be an associate company of Paytm (One 97 Communications Ltd) upon completion.

- Paytm states the winding-up will not materially impact its business, operations, or financial condition.

- Paytm has no exposure or material business arrangements with PPBL.

- Paytm app, UPI, Gold, QR, Soundbox, card machines, payment gateway, and Paytm Money services continue uninterrupted.

- Turnover/revenue contribution from PPBL in the last financial year was nil.

- Completion date and consideration for winding-up are not yet determinable and depend on regulatory/legal proceedings.