On Monday, shares of One 97 Communications, the parent company of Paytm, experienced a 5% decline, reaching a day s low of Rs 351.70. This drop followed the company s disclosure to the exchanges regarding the resignation of Bhavesh Gupta, who served as the Chief Operating Officer (COO) and President of Paytm.
Paytm Payments Bank allowed servers to share data with China-based firms, RBI inspections found : Rashtra News #Paytm #Payments #Bank #allowed #servers #share #data #Chinabased #firms #RBI #inspections Paytm Payments Bank, which processes transactions for India’s digital payments giant Paytm, was barred from taking on new customers because it violated rules by allowing data to
Paytm Share Price: Vijay Shekhar Sharma s resignation as the part-time non-executive chairman and board member at Paytm Payments Bank did not cut much ice with the investors who preferred to sell shares in hordes. Around 10 am, nearly 42.78 lakh shares were trading on the NSE.
Goldman Sachs has issued a neutral call on Paytm, cutting its target to Rs 450 per share. This adjustment reflects the potential loss of market share in the payments sector, the brokerage said.
Shares of Paytm s parent company, One 97 Communications, hit a record low. Paytm is losing business due to RBI ban on Paytm Payments Bank. Authorities advise users to get new RFID stickers. Retail investors are warned to stay away from the stock.