Paytm Payments Bank (PPBL) was an Indian payments bank, founded in 2017 and headquartered in Noida.[3] In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017.[4][5] In 2021, the bank received a scheduled bank status from the RBI.[6][7]
Vijay Shekhar Sharma holds 51 percent in the entity with One97 Communications holding 49 percent. Vijay Shekhar Sharma is the promoter of Paytm Payments Bank, and One97 Communications Limited is not categorized as one of its promoters.[8]