Banking and RBI
Paytm Payments Bank: what the licence cancellation means for users
25 April 2026 | The Economic Times
Following the RBI's cancellation of Paytm Payments Bank's licence on 24 April 2026 (carried forward in the 24 April edition), The Economic Times explained on 25 April that the bank can no longer accept deposits. It reported that the Paytm app and its core services remain unaffected and that users can continue to use UPI and other payment features.
The paper said the move follows over two years of regulatory scrutiny and restrictions, including a ban on fresh deposits in 2024, and cited the RBI's reasons including compliance lapses on customer due diligence and governance. It also pointed to a company statement that Paytm sees no financial or business impact from the action.
Key facts- Original RBI action: 24 April 2026 (see 24 April edition)
- Paytm Payments Bank can no longer accept deposits
- Paytm app and UPI services reported to continue
- RBI reasons: governance and customer due diligence lapses
Exam takeaway: Paytm app (One97 Communications) and Paytm Payments Bank are separate legal entities.
Quick revision: ET explainer: Paytm app and UPI continue after RBI cancels Paytm Payments Bank licence.
The Economic Times original sourceNational and International Affairs
SEBI marks 38th Foundation Day; FM urges common KYC
25 April 2026 | Moneycontrol; The Economic Times
SEBI celebrated its 38th Foundation Day on 25 April 2026. Finance Minister Nirmala Sitharaman asked SEBI to help drive common KYC norms and the simplification and digitisation of KYC across the securities market, saying citizens should have a seamless, secure and portable KYC experience across the financial sector. She also asked other regulators to work 'with a sense of urgency'.
She cited SEBI's litigation success rates of over 90 per cent in the Supreme Court and 73 per cent at the Securities Appellate Tribunal, and said FY25-26 saw 366 IPOs raising around Rs 1.9 lakh crore. SEBI Chairman Tuhin Kanta Pandey said, as reported by The Economic Times, that SEBI will accelerate its drive to simplify and rationalise regulations and invest in technology for supervision.
Key facts- Occasion: SEBI 38th Foundation Day, 25 April 2026
- FM ask: common, portable, digital KYC across regulators
- FY25-26: 366 IPOs, around Rs 1.9 lakh crore raised
- SEBI Chairman: Tuhin Kanta Pandey
Exam takeaway: KYC (Know Your Customer) is the identity check financial firms do before serving a customer.
Quick revision: SEBI 38th Foundation Day: FM seeks common KYC; FY25-26 had 366 IPOs raising about Rs 1.9 lakh crore.
Moneycontrol; The Economic Times original sourceAppointments, Awards and Important Days
NITI Aayog reconstituted: Ashok Kumar Lahiri Vice Chairman, five full-time members
25 April 2026 | NDTV Profit (PTI), citing the Prime Minister's announcement
On 25 April 2026 the Government reconstituted NITI Aayog. Former Chief Economic Adviser Ashok Kumar Lahiri was appointed Vice Chairman, confirming the 24 April report that he would replace Suman Bery. Five full-time members were named: Rajiv Gauba (former Cabinet Secretary), Prof K V Raju (economist), Prof Gobardhan Das, Prof Abhay Karandikar (Secretary, Department of Science and Technology) and Dr M Srinivas (Director, AIIMS).
Prime Minister Narendra Modi announced the appointments on X, saying NITI Aayog has emerged as a vital pillar of policy-making, fostering cooperative federalism, furthering reforms and boosting 'Ease of Living'. The Prime Minister is the chairman of NITI Aayog. Lahiri has a career of over four decades and is currently a West Bengal MLA.
Key facts- Vice Chairman: Ashok Kumar Lahiri (appointed 25 April 2026)
- Full-time members: Gauba, K V Raju, Gobardhan Das, Karandikar, M Srinivas
- Chairman: Prime Minister
- Carried forward from 24 April: reported as govt-source item
Exam takeaway: NITI stands for National Institution for Transforming India.
Quick revision: NITI Aayog reconstituted: Lahiri Vice Chairman; 5 full-time members (Gauba, Raju, Das, Karandikar, Srinivas).
NDTV Profit (PTI), citing the Prime Minister's announcement original source