Paytm Crisis: Vijay Shekhar Sharma Quits Payments Bank's Board | Vantage with Palki Sharma

February 27, 2024, 11:56 PM ISTVantage by Palki Sharma

Digital payments giant Paytm's founder and CEO Vijay Shekhar Sharma today stepped down from the board of the company's banking subsidiary, Paytm Payments Bank. This, as India's Reserve Bank has set a deadline of March 15, 2024 for the company to halt all its operations amid charges of regulatory violations. Paytm had previously assured its users that the bank's operational functions will not be affected despite the RBI deadline. Will Sharma's decision to step down help save Paytm from RBI's clampdown? Palki Sharma tells you.

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