No financial impact from cancellation of Paytm Payments Bank license, says One 97 Communications

No financial impact from cancellation of Paytm Payments Bank license, says One 97 Communications

The Reserve Bank of India (RBI) has cancelled the banking license of Paytm Payments Bank Limited (PPBL), effective from April 24, 2026. The information was shared by One 97 Communications Limited through a regulatory filing dated April 24, 2026.

Background of Case

Paytm Payments Bank Limited is a separate banking entity linked to Paytm but runs independently. Now the RBI has cancelled its banking license. One 97 Communications Limited has stated that it does not manage or control PPBL.

Financial Impact

One 97 Communications Limited confirmed that there is no financial impact from this decision. The company said that it had already impaired its investment in PPBL as of March 31, 2024.

Company Response

Paytm (One 97 Communications Limited) has said that all its services will continue to run without any interruptions. Its services, like the Paytm app, UPI payments, QR codes, Soundbox, card machines, payment gateway, and Paytm Money, will remain unaffected. Since PPBL is a separate entity, any reference to this matter will be made in the context of PPBL only.

Disclosure Compliance

The above disclosure was given by One 97 Communications Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to both the stock exchanges.