New Delhi, July 28 -- The Delhi High Court has ordered the winding up of Paytm Payments Bank Ltd (PPBL), the Reserve Bank of India (RBI) said on Tuesday.

"By an Order dated July 08, 2026 read with the Order dated July 22, 2026, the Hon'ble High Court of Delhi has ordered that PPBL be wound up under the provisions of the Banking Regulation Act, 1949 read with the provisions of the Companies Act, 2013," it said.

Further, the High Court appointed Girikumar M Nair, a former CGM at State Bank of India, as the Official Liquidator of PPBL.

As per the Order, the RBI said the official liquidator shall exercise all the powers prescribed under the Banking Regulation Act, 1949, and the applicable provisions of the Companies Act, 2013.

In terms of...