Leading financial services company Paytm said on Monday that its founder and CEO Vijay Shekhar Sharma has stepped down as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL), as the Reserve Bank of India (RBI) ban on the bank s operations inches closer.
Vijay Shekhar Sharma resigns as Paytm Bank Chairman; board reconstituted: Best Media Info bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on India at LatestLY. Shares of One97 Communications Ltd, the owner of the Paytm brand, jumped another 5 per cent on Tuesday to hit the highest trading permissible limit for the day. India News | Paytm Shares Hit Fresh Upper Circuit Limit; Jump 5 Pc.
The Reserve Bank of India has barred PPBL from accepting deposits and credits from any customer after March 15 for persistent non-compliance and continued material supervisory concerns in the bank