Paytm

India's central bank has dropped Paytm Payments Bank from its list of scheduled banks, following the cancellation of the bank's licence. The move formalises steps taken earlier this year against the firm over persistent regulatory concerns. The development is being widely discussed in India, where millions of users rely on Paytm for digital payments and questions remain about how the crackdown will affect everyday transactions and the company's broader business.

The Reserve Bank of India has dropped Paytm Payments Bank from its list of scheduled banks following the cancellation of the company's banking licence. The move formalises the regulatory action taken earlier this year, which already barred the bank from accepting deposits and processing payments. Users and merchants are watching closely for how Paytm's services and UPI operations will be affected going forward.

Paytm shares dropped sharply, falling around 10 percent, after reports that the implementation of MDR (merchant discount rate) charges on UPI transactions may be postponed. Investors reacted to the uncertainty over the RBI-approved levy, sending the stock tumbling in intraday trade. Telugu-language coverage in India is tracking the decline closely, as UPI fee policy directly affects Paytm's payments business outlook.