BENGALURU/NEW DELHI, Feb 3 (Reuters) - A rags-to-riches tale, Vijay Shekhar Sharma is no stranger to controversy. Now, India's startup king faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that had once counted Warren Buffett as a backer. Sharma has put up a brave face even as nervous investors plundered $2 billion off Paytm's (PAYT.NS), opens new tab valuation after India's central bank ordered his banking arm to stop most of it operations from March 1 for "persistent non-compliances" and "supervisory concerns". The ruling threatens significant business disruptions as the bank is the backbone of his ubiquitous Paytm payments app used by millions daily in a nation where cash was once king.
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