The Reserve Bank of India has cancelled Paytm Payments Bank's banking licence, forcing the entity to shut down. Paytm's parent company, One 97 Communications, says the closure will have no material financial impact because it had already operationally separated itself from the payments bank before this decision. The stock is expected to stay in the spotlight as investors digest the news. Paytm Payments Bank had been under RBI scrutiny for some time, and the licence cancellation marks the formal end of that chapter. The prior separation means Paytm's core businesses, merchant payments, lending distribution, and financial services, were not directly dependent on the payments bank entity continuing to operate. Brokerage firm Bernstein flagged concerns about the overall regulatory tone from the RBI toward Paytm, which could affect how the company pursues new licences. However, Bernstein retained its positive outlook on the stock, citing limited disruption to day-to-day business and pointing to potential licensing opportunities that could open up for Paytm going forward. The key question for investors is whether Paytm can rebuild regulatory goodwill and secure fresh approvals that allow it to expand its financial services ambitions.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
