https://techcrunch.com/2022/03/14/paytm-payments-bank-2/

Paytm says a report claiming its Payments Bank’s data was leaked to Chinese firms is “completely false and sensationalizing,” as the India fintech giant rushes to provide clarification to calm investors after its shares tumbled as much as 14.7% to $8.6 apiece on Monday.

Bloomberg reported this afternoon that Paytm was barred from adding new customers because it violated India’s rules by allowing data to be shared with China-based entities that indirectly owned a stake in Paytm Payments Bank.