Delhi HC Orders Winding Up Of Paytm Payments Bank

Months after getting its banking licence revoked, Paytm Payments Bank (PPBL) has been served an order by the Delhi High Court (HC) to wind down its operations completely. In an order passed last week, the HC directed Paytm’s practically defunct banking arm to liquidate, as applicable under the Banking Regulation Act. The HC appointed ex-SBI Payment Services MD and CEO Girikumar M.