One97 Communications, the parent company of Paytm, saw a notable 4% decline in its stock value recently, which caused tremors in the financial market. The resignation of Paytm Payments Bank’s (PPBL) managing director and chief executive officer, Surinder Chawla, preceded this decline. According to a filing the company made with the stock exchange, Chawla’s decision…
Macquarie, a foreign broking firm, has reduced the target price of One 97 Communications, the parent company of Paytm, from Rs 650 to Rs 275 and downgraded the company to a “underperform” rating. Following restrictions on its payments bank by the Reserve Bank of India, Paytm faces a significant risk of customer exodus, according to…
The Reserve Bank of India (RBI) severely damaged Paytm Payments Bank’s business on Wednesday, January 31, by forbidding the company from providing any of its essential services, such as wallets and accounts, starting in March. Though the action severely restricts the company’s operations, it is not officially a cancellation of Paytm Payments Bank’s license. The…
