Paytm Payments Bank Limited excluded from the Second Schedule to the RBI Act, 1934
On 7 October 2026, the RBI announced that Paytm Payments Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934, through a notification dated 31 July 2026 published in the Gazette on 7 September 2026.
Summary
The Reserve Bank of India announced on 7 October 2026 that Paytm Payments Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934. The exclusion was made through RBI notification DoR.LIC.No.S3674/16.13.215/2026-27 dated 31 July 2026, which was published in the Gazette of India (Part III – Section 4) on 7 September 2026.
Key facts
- Bank
- Paytm Payments Bank Limited
- Action
- Excluded from the Second Schedule to the RBI Act, 1934
- Notification
- DoR.LIC.No.S3674/16.13.215/2026-27 dated 31 July 2026
- Gazette
- Gazette of India (Part III – Section 4), 7 September 2026
- Announced
- RBI press release, 7 October 2026
Practice MCQs 1 questions
In October 2026, the RBI announced that Paytm Payments Bank Limited has been excluded from which Schedule to the RBI Act, 1934?
Show answer
Correct answer: B — Second Schedule