The RBI officially cancelled Paytm Payments Bank's licence on April 24, 2026, due to persistent compliance failures, signaling a zero-tolerance policy for governance lapses.
Foreclosure charges on floating-rate loans (home/car) have been removed, and biometric authentication (fingerprint/Face ID) is becoming compulsory for digital payments. Indian banking sector
Banks recorded a massive net profit of $37.5 billion (a 39% year-on-year increase) in FY24, with public sector banks contributing nearly half ($17.5 billion). The RBI officially cancelled Paytm Payments Bank's licence
The sector maintains a robust Capital to Risk-Weighted Assets Ratio (CRAR) of 17.4% , well above regulatory requirements. due to persistent compliance failures
Banks are transitioning from an "incurred loss" model to a forward-looking ECL framework , aligning with global IFRS 9 standards.