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Money laundering concerns, KYC non-compliance led to RBI s ban on Paytm Payments Bank

Money laundering concerns, KYC non-compliance led to RBI s ban on Paytm Payments Bank
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paytm share price: Exchanges lower Paytm s circuit limits to 10% after price crash

Stock exchanges BSE and NSE have revised the circuit limits for Paytm parent company One97 Communications following a steep price crash caused by RBI s crackdown on Paytm Payments Bank. The circuit limits have been changed to 10%, and the stock cannot fall below the lower limit or rise above the upper limit. The RBI s action against Paytm Payments Bank, which was barred from accepting fresh deposits, has had a significant impact on Paytm s operations. Jefferies and Motilal Oswal Securities have downgraded Paytm s parent shares.

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EXPLAINER Paytm Payments Bank meltdown its meaning

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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Explained: Why RBI Banned Paytm Payments Bank?

Know why Paytm payment bank is banned in India. Why RBI stopped Paytm?

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Paytm | CAIT advises traders to switch from Paytm to other payment apps in light of RBI action

Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down on tech poster boy Vijay Shekhar Sharma-run entities, according to sources

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