RBI had ordered the bank to stop ⁠accepting fresh ⁠deposits in January 2024, due to, what it said at the time, non-compliance ⁠with ‌rules (File photo) The Reserve Bank of India said Friday that it has cancelled the banking licence issued to Paytm Payments Bank Limited, over two years after ⁠it imposed business curbs over violations. While the ​bank remains operational, its ⁠activities are severely limited to processing withdrawals of existing deposits and facilitating loan referrals ‌through ⁠banking correspondents, according to its website. It cannot take fresh ​deposits. Paytm had obtained a limited banking license in ‌August 2015 (backed by One 97 Communications, which once counted China’s ​Ant ​Group and Japan’s SoftBank ⁠as investors) that allowed it to take small deposits but not give out loans.…