The finance minister said criminals were sending money from Paytm Payments Bank accounts. 

Vijay Shekhar Sharma resigned as part-time non-executive chairperson of Paytm Payments Bank on February 27. 

The ministry of finance reported a ₹5.49 crore fine for money laundering against Paytm Payments Bank by the Financial Intelligence Unit on Friday (PTI). 

One97 Communications said in a regulatory filing, "PPBL has told us that they will start the process of appointing a new Chairman."

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