Vijay Shekhar Sharma steps down from Paytm Payments Bank board

One97 Communications, the parent company of Paytm, on Monday announced that Vijay Shekhar Sharma has stepped down as the non-executive chairman and board member of Paytm Payments Bank (PPBL). It further said that PPBL has reconstituted its board with only independent and executive directors. Recently, the RBI imposed curbs on PPBL, which will come into effect after March 15.