Official Liquidator Takes Charge of Paytm Bank’s Winding‑up

Girikumar M. Nair, a former SBI senior executive, was named the official liquidator for Paytm Payments Bank. Under the powers granted by the Banking Regulation Act and the Companies Act, he has been exercising the board’s full authority since July 8, 2026. All operational, financial and settlement decisions are now routed through his office. The liquidator’s mandate includes asset valuation, recovery of dues, and orderly distribution to stakeholders while complying with statutory requirements.