Paytm, the Indian payments firm, has severed some ties with its payments bank unit, Paytm Payments Bank, following regulatory orders to wind down its operations. The move aims to address compliance concerns that led to a significant decline in Paytm’s shares last month. Both entities agreed to end various inter-company agreements, with Paytm Payments Bank simplifying the shareholders’ agreement to enhance governance. The Reserve Bank of India (RBI) had directed the payments bank to cease operations by March 15 due to ongoing compliance issues and supervisory concerns. Paytm’s CEO, Vijay Shekhar Sharma, owns a 51% stake in Paytm Payments Bank.