Paytm shares climbed as much as 10% on Wednesday after media reported that the embattled digital payments firm's CEO had met Finance Minister Nirmala Sitharaman and the RBI to try to resolve a regulatory crackdown on its payments bank business.
Shares of Paytm climbed as much as 10% on Wednesday after media reported that the embattled digital payments firm's CEO had met India's finance minister ..
Indias fintech major Paytm rebounded on Tuesday, after shedding more than $2 billion in market capitalization in three sessions, as analysts highlighted value in its core business despite regulatory issues around the firms payments bank.
Now, there could be further downside if you see this action spreading to other parts of the business and there is no reason to believe that is indeed the case at this point in time.
Paytm Payments Bank Pinch: Can Vijay Shekhar Sharma Get The House Back In Order? forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.