Today Paytm shares value 487 due to RBI

Paytm Payments Bank barred from accepting fresh deposits or top-ups in any customer account, prepaid instruments, wallets and FASTags after Feb, 2024.

RBI considering scrapping Paytm Payment Bank’s license as early as next month. 

Paytm shares price faced 36 % drop in just 2 days after the RBI directed Paytm Payments Bank Ltd as associate of Paytm, to cease accepting deposits or top ups in various accounts, wallets and instruments from 1st March, 2024.

Paytm brief information 

Paytm is an Indian multinational financial technology company, that specializes in digital payments and financial services, Its head office in Noida. It was founded in 2010 by Vijay shekhar sharma under One97 Communications. This company provides mobile payment services to customers and merchants to receive payment by its QR code, sound box and online payment gateway.

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