The Hindu·3 min read·medium
Former SBI Chief GM to liquidate Paytm Payments Bank Ltd.
T
The Hindu Bureau
✦AI Summary
The Delhi High Court has appointed Girikumar M. Nair as the official liquidator for Paytm Payments Bank following the cancellation of its banking license by the RBI. The bank was found to be in violation of regulations meant to protect depositor interests.
The Delhi High Court has appointed former SBI Chief General Manager (CGM) Girikumar M. Nair to liquidate Paytm Payments Bank after the Reserve Bank of India (RBI) cancelled its banking licence three months ago.
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