Delhi High Court orders winding up of Paytm Payments Bank 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 over operational and management concerns. Former SBI executive Girikumar M Nair has been appointed official liquidator.
Delhi High Court ordered Paytm Payments Bank to be wound up after RBI cancelled its banking licence over operational and management concerns. Former SBI executive Girikumar M Nair was appointed official liquidator.
Why this matters
The ruling confirms recent Paytm Payments Bank signals reporting that Delhi HC ordered final winding up and that the bank would be wound up after RBI's licence cancellation.
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