Delhi HC orders Paytm Payments Bank winding up, ending its digital banking
The Delhi High Court ordered Paytm Payments Bank wound up after the RBI cancelled its licence for regulatory breaches, naming former SBI exec Girikumar M. Nair as liquidator. The closure ends One 97’s flagship payments‑bank, forcing millions of users to shift wallets and UPI balances elsewhere and underscoring tighter fintech oversight.