Paytm Payments Bank has decided to lay-off staff in certain divisions, sources say. The unit had 2,775 employees as of December 2023, data from information provider Tracxn shows. It was ordered by the Reserve Bank of India (RBI) at the end of January to stop accepting credit transactions or deposits across products such as savings accounts, prepaid cards and digital wallets by March 15. Employees are frustrated because the management has gone back on their word that nobody will be laid off.