The Economic Times

Delhi HC orders winding up of Paytm Payments Bank, appoints former SBI official as liquidator

The Delhi High Court has issued a ruling for the liquidation of Paytm Payments Bank Ltd, following the Reserve Bank of India's decision to annul its banking license due to major concerns regarding management practices and regulatory compliance. An official liquidator will oversee the bank's dissolution, but it is important to note that this action does not impact other Paytm services.