Delhi High Court orders winding up of Paytm Payments Bank: RBI

Mumbai, July 28 (IANS) The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL), months after the Reserve Bank of India (RBI) revoked the bank's licence over persistent regulatory violations, marking the final step in the lender's closure process, the central bank said on Tuesday.

In a statement, the RBI said the High Court, through orders dated July 8 and July 22, 2026, directed that PPBL be wound up under the provisions of the Banking Regulation Act, 1949, read with the Companies Act, 2013.