Delhi HC orders Paytm Payments Bank wound up; former SBI executive named liquidator
The Delhi High Court has ordered the winding up of Paytm Payments Bank after the RBI cancelled its licence over persistent regulatory and governance lapses. Former SBI CGM Girikumar M. Nair has been appointed official liquidator, taking over the board’s powers.
Delhi High Court ordered Paytm Payments Bank wound up after RBI cancelled its licence over persistent regulatory and governance violations. Former SBI CGM Girikumar M. Nair has been appointed official liquidator and now exercises the bank board's powers.