Paytm's stock surged to hit the 5 per cent upper circuit limit in early trade, maintaining its upward trajectory on Dalal Street. With this, Paytm shares have rebounded 16 per cent in the past just three trading sessions.
The RBI has extended to March 15 the deadline to halt operations and for Paytm Payments Bank account holders to move their assets and look for alternative banks
The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank to stop accepting fresh deposits in its accounts or wallets to March 15 from Feb. 29.
Paytm has now lost about Rs 27,000 crore or 57 percent of its value in the last 11 trading days since the trouble began after RBI s ban on the Paytm Payments Bank which also houses Paytm wallet.