Paytm Payments Bank crisis

The Reserve Bank of India barred Paytm Payments Bank from offering all its core services — including accounts and wallets — from March, effectively crippling the company’s business.
The action is technically not a cancellation of the licence of Paytm Payments Bank, but it constricts the company’s operations to a very large extent.However, the central bank has allowed the withdrawal or utilisation of balance amounts by customers “without any restrictions, up to their available balance
After this news Paytm trembled approx more than 40%. Yesterday Paytm gained 10% after 1.4% equity changed hands in multiple block deals over the last day. FYI – reports say Vijay Shekhar Sharma also met the Finance Minister.