Jefferies stops coverage of Paytm stock. Here's why
10 months ago

Jefferies stops coverage of Paytm stock. Here's why

India Today  

Foreign brokerage firm Jefferies has decided to stop covering Paytm operator One97 Communications Limited’s stock for now. The brokerage said it would stop the coverage of the stock until the news flow around Paytm and its associate, Paytm Payments Bank, “settles down”. Jefferies explained that without a banking licence, Paytm's business will be similar to other payment service providers like PhonePe, GPay, and Pine Labs. "Without a banking license, Paytm's business model will now become similar to pure payment service providers like PhonePe, GPay, Pine Labs, etc. Paytm's focus will now move to ensure customer/merchant retention, and we believe it will dip into its Rs 8,500 crore cash reserves for spending on retaining users,” Jefferies said in a note.

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History of this topic

Paytm gets government nod for investment in payments arm: Details
3 months, 3 weeks ago

Paytm gets government nod for investment in payments arm: Details

India TV News  

India's Paytm has received approval from the country's finance ministry to invest in its payment services business, the fintech firm. In July, Reuters reported, citing a top finance ministry official, that Paytm had secured approval for a 500 million rupee investment in its payments arm. Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business …

Paytm said to get government nod to invest in payments arm: report
5 months, 2 weeks ago

Paytm said to get government nod to invest in payments arm: report

The Hindu  

India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees in a key subsidiary, three sources with direct knowledge of the matter said. The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal …

Paytm’s market share Continues to fall after RBI crackdown
6 months, 2 weeks ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%
7 months ago

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%

Hindustan Times  

Paytm announced that there may be job cuts at the company as it plans to trim non-core assets following its first-ever decline in sales on May 22. Paytm reported Q4 results after a regulatory probe into its financial arm Paytm Payments Bank by the Reserve Bank of India In a letter to shareholders, Vijay Shekhar Sharma said, “We expect near-term …

Paytm jumps 5% as digital payments app survives banking unit shutdown
9 months, 1 week ago

Paytm jumps 5% as digital payments app survives banking unit shutdown

The Hindu  

Shares of India's Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on March 15, …

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?
9 months, 1 week ago

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?

Hindustan Times  

Paytm Share Price today: Shares of India's Paytm rose 5%, a day after National Payments Corporation of India granted approval to Paytm's parent company One97 Communications Limited to participate in UPI services as a Third-Party Application Provider. Paytm share price today: A QR code for the Paytm digital payment system at a store in Mumbai. Paytm's stock has been hitting …

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?
9 months, 1 week ago

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?

Hindustan Times  

Paytm share price: Shares of Paytm's parent company One97 Communications Ltd tanked 5 per cent, third lower circuit in as three days. This would allow customers to continue using the Paytm app for payments through unified payment interface and would help the company as Paytm Payments Bank ceases operations by March 15. Economic Times reported that four banks- Axis Bank, …

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown
9 months, 3 weeks ago

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown

Hindustan Times  

Paytm's parent company One 97 Communications said in a company filing on Friday that the firm's board has decided to discontinue the inter-company pacts with its banking service Paytm Payments Bank to reduce dependencies. Paytm has cut company ties with Paytm Payments Bank Paytm Payments Bank Limited has remained under the lens of the Reserve Bank of India for a …

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny
9 months, 3 weeks ago

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny

ABP News  

Shares of Paytm saw a modest gain of over 2 per cent on the BSE on Tuesday, following the announcement of significant developments within the company. Vijay Shekhar Sharma, the founder and CEO of Paytm, on Monday evening took a pivotal step by resigning from his position to assist in the restructuring of the Board of Paytm Payments Bank Ltd. …

Paytm shares rebound after losing 50% in a month. What's next?
10 months ago

Paytm shares rebound after losing 50% in a month. What's next?

India Today  

Shares of digital payments firm Paytm have been on a winning run for the past four trading sessions, rising nearly 21 per cent after declining sharply over the past month. Paytm shares are down nearly 50 per cent in a month, following the Reserve Bank of India’s regulatory action against its associate, Paytm Payments Bank. In addition, the RBI’s recently …

Paytm share price hits all-time low amid ED probe against fintech firm
10 months, 1 week ago

Paytm share price hits all-time low amid ED probe against fintech firm

Hindustan Times  

Paytm shares hit all-time low on Thursday amid the Enforcement Directorate probe against the fintech firm following the Reserve Bank of India action against Paytm Payments Bank. The declining share prices have added more salt to the wounds of Paytm, which is now under Enforcement Directorate investigation after the RBI barred its subsidiary Paytm Payments Bank from accepting new deposits …

RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances
10 months, 1 week ago

RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances

Live Law  

The recent action of the Reserve Bank of India against Paytm's subsidiary, the Paytm Payment Bank has sent ripples across the fintech industry. This action of the RBI comes in light of multiple repeated violations by the Paytm Payment Bank of various compliances, regulations, and directions that are in place to regulate the functioning of payment banks. It is pertinent …

Paytm shares crash after case against payments bank. More trouble ahead?
10 months, 1 week ago

Paytm shares crash after case against payments bank. More trouble ahead?

India Today  

Shares of One97 Communications Limited, the parent firm of digital payments firm Paytm, nosedived 10 per cent to hit a lower circuit for the second consecutive day. While Paytm shares had rebounded slightly to settle above the day’s low earlier, the reports of the fresh ED probe against its associate payments bank seems to have rattled investors. The biggest dip …

Paytm Chronicle Continues: From FAQs to RBI's Firm Stand, What We Know So Far
10 months, 1 week ago

Paytm Chronicle Continues: From FAQs to RBI's Firm Stand, What We Know So Far

News 18  

On Monday, Reserve Bank of India Governor Shaktikanta Das said there was “hardly any room” to review the action taken against Paytm Payments Bank. Asked if the deadline of February 29 would be extended, Das said, “Wait for the FAQ.” “Don’t expect review of RBI’s decision in FAQ. “Just one clarification, this particular action is against Paytm Payments Bank and …

Paytm Shares Tank 9% After Macquarie Slashes Target Price By 57%; Know Target Price
10 months, 1 week ago

Paytm Shares Tank 9% After Macquarie Slashes Target Price By 57%; Know Target Price

News 18  

Shares of One97 Communications Limited, the parent company of digital payments firm Paytm, dipped sharply in early trade to hit a record low on Tuesday. The shares today fell up to 8.7 per cent to the day’s low at Rs 385.75 on BSE after global broking firm Macquarie downgraded the troubled fintech to underperform from the neutral call with a …

Paytm plunges nearly 8 per cent to hit 52-week low; here's why
10 months, 1 week ago

Paytm plunges nearly 8 per cent to hit 52-week low; here's why

India TV News  

Paytm's parent company, One97 Communications, witnessed a significant drop in its shares on Tuesday, declining by nearly 8 per cent following Reserve Bank of India Governor Das's statement affirming the central bank's stance against Paytm Payments Bank Ltd. Meanwhile, the broader market indices showed a positive trend, with the BSE Sensex surging by 436.83 points, or 0.61 per cent to …

Explained: Why Paytm shares fell 8.5% to hit record low today
10 months, 1 week ago

Explained: Why Paytm shares fell 8.5% to hit record low today

India Today  

Shares of One97 Communications Limited, the parent company of digital payments firm Paytm, dipped sharply in early trade to hit a record low on Tuesday. Paytm shares fell 8.5 per cent to Rs 386.25 apiece in early trade, but recovered marginally to trade at Rs 395.85 at around 9:57 am. The embattled digital payments firm’s shares have been under pressure …

Paytm to form advisory committee on compliance, regulatory matters led by ex-SEBI head
10 months, 2 weeks ago

Paytm to form advisory committee on compliance, regulatory matters led by ex-SEBI head

Hindustan Times  

Fintech firm One97 Communications, which owns Paytm brand, on Friday announced setting up of a group advisory committee headed by former Sebi Chairman M Damodaran, amid its associate payments bank entity facing regulatory action for non-compliance with RBI norms. Among other responsibilities, Damodaran had chaired high-powered committees for the Union government, RBI and was also elected Chairman of the EMC …

Paytm shares resume fall for the second consecutive day
10 months, 2 weeks ago

Paytm shares resume fall for the second consecutive day

New Indian Express  

NEW DELHI: Shares of One97 Communications Ltd, which owns the Paytm brand, tanked over 15 per cent in two days as investors again turned to dump the stock. Extending its previous day's decline, the stock tanked 6.09 per cent to settle at Rs 419. One97 Communications stock price had climbed 10 per cent on Wednesday and rebounded over 3 per …

Paytm share price hits 10% lower circuit after a two-day recovery
10 months, 2 weeks ago

Paytm share price hits 10% lower circuit after a two-day recovery

Live Mint  

The stock price of One97 Communications, the parent company of Paytm, experienced a significant drop in today's trading session after recovering slightly from heavy losses in the past two trading days. Despite Sharma's efforts, reports suggest that the central bank declined to offer any concessions to Paytm Payments Bank, such as allowing the migration of accounts to other banks or …

Paytm shares rise 5%: Will the recovery last?
10 months, 2 weeks ago

Paytm shares rise 5%: Will the recovery last?

Hindustan Times  

Paytm share price today: Shares of Paytm gained 5 percent on February 6 after it was locked in a lower circuit for three straight sessions following RBI's restrictions on its payments bank business. RBI barred Paytm Payments bank from accepting new deposits and conducting credit transactions after February 29. Large number of small traders, vendors, hawkers and women are making …

Paytm shares bounce back after nearly halving in price in three days
10 months, 2 weeks ago

Paytm shares bounce back after nearly halving in price in three days

New Indian Express  

After falling continuously for three days, shares of payments platform Paytm bounced back on Tuesday, ending up 3.3%, compared to 10-20% declines seen over the last several days. The stock had corrected by around 43% since Reserve Bank of India imposed crippling restrictions on Paytm Payments Bank – the company’s in-house provider of back-end banking services. The most pain is …

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs
10 months, 2 weeks ago

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs

India TV News  

Shares of One97 Communications Ltd, the parent company of the Paytm brand, rebounded on Tuesday morning after experiencing three consecutive days of sharp declines. Over the past three days, the stock plummeted by over 42 per cent, resulting in a loss of Rs 20,471.25 crore in market valuation, following regulatory actions from the Reserve Bank of India. The RBI's recent …

Paytm crisis: No ED investigation either against company or CEO, company asserts
10 months, 2 weeks ago

Paytm crisis: No ED investigation either against company or CEO, company asserts

Hindustan Times  

The Enforcement Directorate is neither investigating owner of Paytm brand- One97 Communications- nor its founder and CEO Vijay Shekhar Sharma for money laundering, the company said. We have and continue to abide by Indian laws and take regulatory orders with utmost seriousness.” This comes following a recent RBI order that barred Paytm Payments Bank Ltd from taking any further deposits, …

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown
10 months, 2 weeks ago

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown

Hindustan Times  

After the Reserve Bank of India cracked down against Paytm Payments Bank and its regulatory violations, traders' body CAIT issued a cautionary advice to Paytm users, urging them to switch to other payment apps. The Confederation of All India Traders said in a statement that traders are advised to use payment platforms other than Paytm for business-related transactions as RBI …

RBI restriction on Paytm: CAIT advises traders to switch from Paytm to other payment apps in light of RBI action
10 months, 2 weeks ago

RBI restriction on Paytm: CAIT advises traders to switch from Paytm to other payment apps in light of RBI action

The Hindu  

Traders' body CAIT on February 4 issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations. Large number of small traders, vendors, hawkers and women are making payments through Paytm and as such RBI restrictions on Paytm could lead financial disruption to these people," …

Why Did Paytm Shares Tank Another 20% Today? Know Details of RBI's Action Against Paytm Payments Bank
10 months, 3 weeks ago

Why Did Paytm Shares Tank Another 20% Today? Know Details of RBI's Action Against Paytm Payments Bank

News 18  

Shares of One97 Communications Ltd, which owns Paytm brand, on Friday plummetted another 20 per cent. The decline comes as the RBI has directed Paytm Payments Bank Ltd to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. Fintech firm Paytm sees an impact of Rs 300-500 crore on its annual operational …

Paytm shares tank another 20%; hit fresh lower circuit limit
10 months, 3 weeks ago

Paytm shares tank another 20%; hit fresh lower circuit limit

The Hindu  

Shares of One97 Communications Ltd, which owns Paytm brand, slumped another 20% on February 2, as the RBI has directed Paytm Payments Bank Ltd to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. Fintech firm Paytm sees an impact of ₹300-500 crore on its annual operational profit, as its customers will …

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487
10 months, 3 weeks ago

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487

Firstpost  

After seeing its shares fall by 20 per cent on Thursday, the day, after the Reserve Bank of India took decisive action against Paytm Payments Bank and prohibited them from offering its core services, including accounts and wallets, effective from March, shares of the troubled fintech company, dropped by another 20 per cent. Additionally, the central bank instructed the termination …

RBI bars Paytm Payments Bank from accepting deposits after Feb 29
10 months, 3 weeks ago

RBI bars Paytm Payments Bank from accepting deposits after Feb 29

Hindustan Times  

The Reserve Bank of India on Wednesday barred Paytm Payments Bank from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. “The Comprehensive System Audit report and subsequent compliance validation report of the external auditors revealed persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action,” …

Paytm share price rises 3% to hit a 52-week high; Bernstein initiates coverage
1 year, 3 months ago

Paytm share price rises 3% to hit a 52-week high; Bernstein initiates coverage

Live Mint  

Paytm share price rose almost 3 per cent to hit its fresh 52-week high of ₹931 in morning trade on BSE on Thursday. The brokerage firm expects Paytm's loan disbursal volumes to grow sharply and achieve a market share of nearly 4 per cent by FY26E in the high-yield household lending segment, with more than 13 per cent interest rate. …

Paytm shares rise over 3% on strong July business update
1 year, 4 months ago

Paytm shares rise over 3% on strong July business update

Live Mint  

Paytm share price rallied over 3% on Friday after the fintech giant reported strong operating performance for the month of July. One 97 Communications, the parent company of Paytm, in its monthly business update on Thursday, said its average monthly users rose by 19% on-year to 9.3 crore. The loan distribution business of the fintech firm continues to gain scale …

Paytm Stock Falls 8% Amid Large Block Deals; Key Details Investors Should Know
1 year, 10 months ago

Paytm Stock Falls 8% Amid Large Block Deals; Key Details Investors Should Know

News 18  

Shares of Paytm parent One 97 Communications slumped more than 8% to Rs 653.5 in Friday’s trade on BSE amid reports of a large block deal, reported CNBC-TV18. Earlier this week, the fintech firm posted its first-ever quarterly operating profit three quarters ahead of its guidance and the company’s losses also narrowed during the third quarter of the current fiscal. …

Paytm Shifting Focus From Growth To Profitability, Taking Steps To Woo Investors: Sharma
2 years, 4 months ago

Paytm Shifting Focus From Growth To Profitability, Taking Steps To Woo Investors: Sharma

News 18  

Paytm is set to become India’s first internet company to hit $1 billion in annual revenue by March 2023, and the company is also shifting its focus from growth to profitability, according to a Bloomberg report quoting the digital payments firm’s founder and CEO Vijay Shekhar Sharma. Meanwhile, bullish on the company’s strong performance in Q1 FY23, equity research firm …

Paytm Hits All Time Low, Trades 75% Below Listing Price; Why Paytm Shares are Falling?
2 years, 9 months ago

Paytm Hits All Time Low, Trades 75% Below Listing Price; Why Paytm Shares are Falling?

News 18  

Paytm Stocks Hit Lifetime Low: Shares of One97 Communications, the parent company of digital payments major Paytm, hit fresh lifetime lows in Tuesday’s trade as investors continued to remain bearish on the counter. As per its new low, shares of Paytm have eroded about 75 per cent of investors’ wealth from its issue price of Rs 2,150. Global financial major …

Paytm to Zomato, India’s tech IPO boom has rapidly turned to bust
2 years, 9 months ago

Paytm to Zomato, India’s tech IPO boom has rapidly turned to bust

CNN  

New Delhi CNN Business — In November last year, one of India’s most prominent tech entrepreneurs stood at the Bombay Stock Exchange and cried with joy. During November’s listing ceremony, Sharma called the company’s purpose of bringing millions of Indians into the mainstream economy “pious.” Paytm founder Vijay Shekhar Sharma breaks down while giving a speech during his company's IPO …

Paytm Shares Hit Record Low, Plunge 12% To Trade At Rs 685
2 years, 9 months ago

Paytm Shares Hit Record Low, Plunge 12% To Trade At Rs 685

ABP News  

New Delhi: The share price of One 97 Communications, the parent company of Paytm, plunged to an all-time low to Rs 685 per share on Monday. This comes after the central bank under Section 35A of the Banking Regulation Act, 1949, barred Paytm Payments Bank from acquiring new customers and directed the bank to appoint an IT audit firm to …

Paytm Bank barred from adding new customers
2 years, 9 months ago

Paytm Bank barred from adding new customers

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Friday asked Paytm Payments Bank Ltd to stop onboarding of new customers with immediate effect, citing certain “material supervisory concerns” observed in the bank. Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by the RBI after reviewing report of the IT auditors, the …

RBI stops Paytm Payments bank from onboarding new customers, orders IT audit
2 years, 9 months ago

RBI stops Paytm Payments bank from onboarding new customers, orders IT audit

India TV News  

Highlights Reserve Bank of India on Friday stopped Paytm Payments Bank from onboarding any new customers. The Reserve Bank of India on Friday stopped Paytm Payments Bank from onboarding any new customers. "Reserve Bank of India has today, in the exercise of its powers, inter alia, under section 35A of the Banking Regulation Act, 1949, directed Paytm Payments Bank Ltd …

Paytm’s Poor Run On Dalal Street Continues, Shares Tank 13%
3 years, 1 month ago

Paytm’s Poor Run On Dalal Street Continues, Shares Tank 13%

ABP News  

New Delhi: Shares of Paytm, listed as One 97 Communications, plunged 13.03 per cent after the day’s trade on the BSE on Monday. The digital payments company made its worst markets debut on Thursday as its shares fell around 27 per cent after the country’s largest-ever initial public offering. The market cap of the Ant Group-backed company, which remained above …

Is Paytm worth what its owners are asking for?
3 years, 1 month ago

Is Paytm worth what its owners are asking for?

Live Mint  

Paytm’s initial public offering comes at a time when the frenzy in startup IPOs is showing signs of fatigue. That said, Paytm’s IPO would still get a strong response from investors, and one only has to look at its anchor book list for confidence. Formally known as One97 Communications Ltd, Paytm started as a mobile wallet company and has morphed …

Paytm eyes IPO by October-end, hopes to break even in 18 months: Report
3 years, 4 months ago

Paytm eyes IPO by October-end, hopes to break even in 18 months: Report

Live Mint  

Indian digital payments firm Paytm expects to launch its initial public offering at around the end of October, pending regulatory approvals, a source familiar with the matter said on Monday. Paytm, which has filed for a ₹16,600 crore IPO that will likely be the largest ever in India, also expects to break even in 18 months, the source said, declining …

Paytm targeting biggest-ever IPO in India
3 years, 6 months ago

Paytm targeting biggest-ever IPO in India

Live Mint  

Paytm, India’s leading digital payments provider, is aiming to raise about ₹21800 crore in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever. The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around …

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