RBI Orders Winding Up of Paytm Payments Bank Following Licence Revocation
The Reserve Bank of India (RBI) has ordered the winding up of Paytm Payments Bank (PPBL), following its banking licence revocation in April 2026 due to regulatory non-compliance. The decision was confirmed by a Delhi High Court order dated July 8, 2026, and further detailed on July 22, 2026. Girikumar Nair has been appointed as the official liquidator with full authority under relevant banking and company laws. PPBL had faced increasing regulatory scrutiny over several years, including restrictions imposed in March 2022 that barred it from acquiring new customers due to