India's Paytm and its payments bank agree to discontinue inter-company deals

Paytm is facing a major shakeup. CEO Vijay Shekhar Sharma has stepped down from the board of the company's Payments Bank unit, which the Reserve Bank of India has ordered to shut down by March 15th. While, Sharma remains ceo of Paytm itself, the company is scrambling to find new banking partners to maintain its crucial upi payment services.

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