Kathmandu. Paytm Payments Bank Bank Limited is to be dissolved. The Delhi High Court has ordered the cancellation of Paytm payments . 

The Reserve Bank of India (RBI) has issued the bank’s Paytm payments in April 2026 Bank The license was revoked.

At the same time, the RBI had also announced that it would move the Delhi High Court to completely dismiss the bank’s and Paytm. 

Subsequently, by orders dated July 8 and July 22, 2026,the court ordered the bank to proceed with the process of completely dissolving the payments Paytm under the Companies Act, 1949 and the Companies Act, 2013. 

The High Court of Delhi has issued a notice to the State Bank of India (SBI) Former Chief General Manager Girikumar M. Nair has been appointed as the Official Liquidator of Paytm Payments Bank. The RBI said that Nair has been empowered to exercise all legal powers under the Banks Regulation Act and the Companies Act. 

Earlier in 2022, the RBI had barred the bank from adding new customers to and Paytm payments.Later in 2024, the RBI imposed a stringent restriction on , Paytm payments, , new deposits, credit and top-up s. Despite this, Paytm Payments Bank Rule Bank had to be terminated RBI said {{} Bank{{{} did not continue to violate the } Rules} and {{}.