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.
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 Reserve Bank of India (RBI) is concerned that some of the accounts could have been used for money laundering, the sources said, speaking on condition of anonymity.