Delhi High Court Orders Winding Up of Paytm Payments Bank Following RBI License Revocation
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July 29, 2026
The Delhi High Court has ordered the winding up of Paytm Payments Bank, following the RBI's revocation of its license due to operational and management concerns. Girikumar M Nair has been appointed as the official liquidator for the process.
HDFC Bank Board Takes Decisive Action: MD and CFO Penalized for MSRDC Deposit Arrangements
July 28, 2026
HDFC Bank's board has penalized its MD and CFO over deposit arrangements with MSRDC, citing 'business overreach' but no personal gain. This move reflects heightened corporate governance scrutiny, aligning with RBI's push for greater accountability in the…