Delhi High Court orders Paytm Payments Bank winding up after RBI licence cancellation
The Delhi High Court has ordered Paytm Payments Bank to be wound up following the RBI’s cancellation of its banking licence. Former SBI executive Girikumar M Nair has been appointed official liquidator, with board powers taking effect from July 8, 2026.
Delhi High Court ordered Paytm Payments Bank wound up after RBI cancelled its licence over persistent regulatory non-compliance. Former SBI executive Girikumar M Nair was appointed official liquidator, with board powers effective July 8, 2026.
Why this matters
The order escalates recent Paytm Payments Bank signals on its RBI licence cancellation and risks to EMI, SIP, FASTag and OTT auto-debits.
Retail-company signals are accelerating, up 393233% QoQ.
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