Ever since the RBI ban was issued on January 31st evening, Paytm shares have so far tumbled 46%. Barring the two days of relief rally, which might have left many buy-the-dip investors trapped, the stock has been on a downhill trajectory with investor loss mounting up to Rs 22,000 crore.
Paytm shares fell 6.88 per cent to hit a low of Rs 416.35 on BSE. That said, the stock recovered some ground and was down 4.99 per cent at Rs 424.80 later.
A media report suggested that CDSL, the largest domestic securities depository is conducting an inspection of the customer verification process followed by Paytm Money, the wealth management entity run by Paytm.