Bernstein expects Paytm to successfully execute the operational changes required to remove the dependency on Paytm Payments Bank with limited long-term impact to the fintech firm s overall business
Paytm s QR code and soundbox facility will continue to work even after the RBI deadline as the company faces crisis after the central bank s restrictions.
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
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.