Exclusion of “Paytm Payments Bank Limited” from the Second Schedule to the Reserve Bank of India Act, 1934
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Official government notification — a formal executive order that operationalises policy decisions. Carries legal weight and specifies rules, dates, exemptions, or procedural requirements.
Summary
Paytm Payments Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S3674/16.13.215/2026-27 dated July 31, 2026 and published in the Gazette of India (Part III - Section 4) dated September 07, 2026. (Brij Raj) Chief General Manager Press Release: 2026-2027/1273
Key Facts
TypeNotification
SourceReserve Bank of India
PublishedWednesday, 7 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Key Stakeholders
Government Context
NDA IIIBJP-led NDA
LeftCentreRight
Amendment History
2 changes recorded for this policy.
DescriptionWednesday, 7 October 2026via policyradar
Paytm Payments Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S3674/16.13.215/2026-27 dated July 31...
DescriptionThursday, 8 October 2026via policyradar
Paytm Payments Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S3674/16.13.215/2026-27 dated July 31...