Quick Summary
The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL) after the Reserve Bank of India (RBI) cancelled the bank's licence earlier this year. The move follows regulatory action initiated by the RBI, which revoked PPBL's banking licence on April 24, 2026, under Section 22(4) of the Banking Regulation Act, 1949. The cancellation became effective from the close of business on the same day. Official copy of the Press Release is as follows The Reserve Bank of India
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FAQ :
Paytm Payments Bank has been ordered to be wound up by the Delhi High Court following the cancellation of its banking licence by the Reserve Bank of India (RBI).
The RBI cancelled Paytm Payments Bank's banking licence on April 24, 2026.
The RBI cancelled PPBL's licence under Section 22(4) of the Banking Regulation Act, 1949.
The Delhi High Court has ordered the winding up of Paytm Payments Bank.
Shri Girikumar M Nair, former CGM of State Bank of India, has been appointed as the Official Liquidator of PPBL by the Delhi High Court.
The Official Liquidator began exercising powers related to the winding up from July 8, 2026, as per the High Court's order.
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