The Reserve Bank of India (RBI) has canceled the banking license of Paytm Payments Bank, effective April 24, 2026, citing regulatory violations and governance concerns that could harm depositors' interests. The RBI stated that continuing the bank's operations would not serve the public interest and plans to initiate winding-up proceedings in the High Court. In response, One 97 Communications, the parent company of Paytm, emphasized that there would be no financial impact from this decision, as it has no exposure to the payments bank and had fully impaired its investment by March 31, 2024. All Paytm services, including the Paytm app, UPI, and payment gateway, will continue to function normally as they are independent of the payments bank. In its latest financial report, One 97 Communications announced a consolidated net profit of ₹225 crore for Q3 FY26, compared to a net loss of ₹208 crore in Q3 FY25, with a 20.02% year-on-year increase in revenue from operations to ₹2,194 crore. Following the announcement, shares of One 97 Communications dropped 1.10% to ₹1,147.10.