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

Months after getting its banking licence revoked, Paytm Payments Bank (PPBL) has been served an order by the Delhi High…

In April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms, saying the affairs of the bank were conducted in a manner detrimental to the interest of its depositors.