Delhi High Court orders Paytm Payments Bank to be wound up
Paytm Payments Bank will be liquidated after the Delhi High Court upheld the RBI’s licence cancellation. RBI-appointed liquidator Girikumar M Nair will assume board powers; the bank reported ₹1,395.22 crore in customer deposits as of March 31, 2025.
Delhi High Court ordered Paytm Payments Bank wound up after RBI cancelled its licence. RBI appointed former SBI executive Girikumar M Nair as liquidator, who assumes board powers. The bank held ₹1,395.22 crore in customer deposits as of March 2025.
Why this matters
The ruling confirms earlier signals that the Delhi High Court ordered Paytm Payments Bank's winding-up after the RBI licence cancellation and named former SBI executive Girikumar M Nair as liquidator.
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