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Slowdown in unsecured lending compounds problems for Paytm, will make business harder to come by

RBI’s warnings on rising unsecured credit in the system and subsequent action increasing risk weights on such loans will make life harder for Paytm, which is fighting to hold on to its wallet business and payments bank, believe experts ....

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Paytm Payments Bank Pinch: Can Vijay Shekhar Sharma Get The House Back In Order?

Paytm Payments Bank Pinch: Can Vijay Shekhar Sharma Get The House Back In Order?
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Paytm share price crash: Paytm shares crash another 20% amid long queues of sellers

Shares of fintech major One 97 Communications, which runs Paytm, crashed 20% on BSE following RBI s ban on Paytm Payments Bank. The queue of sellers grew longer as the stock opened in the lower circuit. Last year, Berkshire Hathway sold its stake in Paytm. Brokerages like Jefferies and Motilal Oswal have downgraded Paytm shares. ....

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Paytm stock price crash: Paytm shares crash 20% after RBI damages reputation, brokers downgrade

Shares of Paytm, owned by One 97 Communications, crashed 20% on BSE after the RBI directed Paytm Payments Bank to halt new credit and deposit operations. Jefferies, a global broking firm, downgraded Paytm and highlighted the impact on Paytm s wallet business and profitability of merchant payments. Macquarie s Suresh Ganapathy emphasized the regulatory issues faced by Paytm and the potential implications for revenue and profitability. ....

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Paytm Dealt Blow as India Orders Halt to Much of Its Business

(Bloomberg) Shares of digital-payments provider Paytm plunged 20% after Indian regulators ordered it to halt a bulk of its business, dealing a severe blow to a high-profile tech pioneer that grappled for years with authorities.Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneHouse Passes $78 Billion Business, Child Tax Break BillS&P 500 Has Its Worst Fed-Decision Day Since M ....

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