Citations are auto-generated; verify before publishing. The release classification is PolicyDhara's, not the source's.
Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
The Reserve Bank of India (RBI) has, vide order dated April 24, 2026, cancelled the banking licence issued to Paytm Payments Bank Limited (PPBL) under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective from close of business on April 24, 2026. As indicated in the Press Release issued on the said date, the Reserve Bank, in exercise of powers conferred under Sections 38 and 39 of the Banking Regulation Act 1949, made an application before the Hon’ble High Cour
Key Facts
TypeRelease
SourceReserve Bank of India
PublishedTuesday, 28 July 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
500 GW non-fossil fuel capacity target by 2030
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Power
Key Stakeholders
TaxpayersBanks & NBFCsInvestorsPower ConsumersDISCOMsCoal Industry
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
2 changes recorded for this policy.
DescriptionWednesday, 29 July 2026via barandbench
The Reserve Bank of India (RBI) has, vide order dated April 24, 2026, cancelled the banking licence issued to Paytm Payments Bank Limited (PPBL) under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective from close of business on April 24, 2026. As indicated in the Press Release issued on the said date, the Reserve Bank, in exercise of powers conferred under Sections 38 and 39 of the Banking Regulation Act 1949, made an application before the Hon’ble High Cour
The Delhi High Court recently ordered the winding up of Paytm Payments Bank Limited on a petition filed by the Reserve Bank of India (RBI) following the cancellation of Paytm's bank licence [Reserve Bank of India v. Paytm Payments Bank Limited].Justice Anish Dayal on Tuesday also permitted RBI-nominated official liquidator Girikumar M Nair to appoint AZB & Partners as legal advisor for the winding-up process.Justice Anish DayalCounsel for Nair said that approval was required under Section 29
DescriptionThursday, 30 July 2026via barandbench
The Reserve Bank of India (RBI) has, vide order dated April 24, 2026, cancelled the banking licence issued to Paytm Payments Bank Limited (PPBL) under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective from close of business on April 24, 2026. As indicated in the Press Release issued on the said date, the Reserve Bank, in exercise of powers conferred under Sections 38 and 39 of the Banking Regulation Act 1949, made an application before the Hon’ble High Cour
The Delhi High Court recently ordered the winding up of Paytm Payments Bank Limited on a petition filed by the Reserve Bank of India (RBI) following the cancellation of Paytm's bank licence [Reserve Bank of India v. Paytm Payments Bank Limited].Justice Anish Dayal on Tuesday also permitted RBI-nominated official liquidator Girikumar M Nair to appoint AZB & Partners as legal advisor for the winding-up process.Justice Anish DayalCounsel for Nair said that approval was required under Section 29
With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched a ‘Scheme for writing books originally in Hindi on Economics/Banking/Financial subjects’. Under this scheme, working/retired Professors (Including Assistant and Associate Professor etc.) of Indian Universities (UGC recognized) are awarded three prizes of ₹1,25,000.00 (One lakh twenty-five thousand) each for writing books originally in Hindi on subjects related to Economi
The United Nations defines the “sustainable energy transition” as a structural shift away from fossil fuels toward a system centered on renewable energy. Crucially, the UN emphasises that a truly “just transition” must prioritise equity and inclusion—ensuring that clean energy systems are accessible to all segments of society, leaving no one behind. When discussing the […] The post The Power of Choice in Urban Mobility: Lessons from Delhi’s Clean Transport Transitio