Paytm share price: Jefferies said there could be collateral impact on lending business, which account for 20 per cent of revenues, if Paytm's lending partners limit business due to governance risks.
(Bloomberg) Shares of digital-payments provider Paytm plunged 20% after Indian regulators ordered it to halt a bulk of its business, dealing a severe blow to a high-profile tech pioneer that grappled for years with authorities.Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneHouse Passes $78 Billion Business, Child Tax Break BillS&P 500 Has Its Worst Fed-Decision Day Since M
RBI Imposes Restriction on Paytm Payments Bank: All Your Questions Answered gizbot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gizbot.com Daily Mail and Mail on Sunday newspapers.
The Reserve Bank of India (RBI) on January 31 imposed restrictions on Paytm Payments Bank Ltd (PPBL), following a system audit report and subsequent compliance validation report of external auditors.