Paytm s stock is facing significant challenges as it has witnessed a substantial downturn and hit the 20% lower circuit limit for two consecutive trading sessions. The decline came after the Reserve Bank of India barred Paytm Payments Bank from conducting certain banking operations.
India's Paytm Payments Bank is set to cease operations for its popular wallet business by the looming February 29 deadline mandated by the Reserve Bank of India (RBI). With Paytm Payments Bank holding the license for the wallet business and overseeing all 330 million wallet accounts of Paytm, the impending discontinuation poses a significant challenge., Markets News, Times Now
Stock Market today: Paytm (One 97 Communications) share price saw a sharp dip of 20% post RBI imposing restrictions on some services. JM Financial sees meaningful impact on valuations. Also Check for 2 major impact on Paytm as highlighted by JM Financial Institutional Securities
Paytm founder Vijay Shekhar Sharma addressed shareholders and analysts on Thursday, a day after the Reserve Bank of India barred Paytm Payments Bank from offering basic banking services after February. This and more in today s ETtech Top 5.