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The Economic Times
The Economic Times

Delhi High Court orders winding up of Paytm Payments Bank after RBI licence cancellation

RBI Paytm Paytm Payments Bank New Delhi The Delhi High Court Paytm Payments Bank Limited PPBL the Reserve Bank of India

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 regulatory violations, the central bank said on Tuesday.

The RBI had cancelled PPBL's banking licence in April 2026, citing persistent non-compliance with regulatory norms. At the time, the central bank said the bank's affairs were being conducted in a manner detrimental to the interests of its depositors and announced that it would move the Delhi High Court for its winding up.

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