Why did Vijay Shekhar step down from Paytm Payments Bank board?

Paytm Payments Bank crisis: Amidst regulatory pressures, digital payments company Paytm announced on Monday that CEO Vijay Shekhar Sharma would step down from his roles as non-executive chairman and board member of its payments bank unit.

Why did Vijay Shekhar step down from Paytm Payments Bank board?
Paytm Payments Bank crisis: Amidst regulatory pressures, digital payments company Paytm announced on Monday that CEO Vijay Shekhar Sharma would step down from his roles as non-executive chairman and board member of its payments bank unit.