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 from February 29. Paytm says it does not undertake Outward Foreign Remittance The anti-financial crime agency has questioned few officials of Paytm and also received certain documents on the RBI action. “One 97 Communications Limited, its subsidiaries and its associate, Paytm Payments Bank Limited, have over time been receiving notices and requisition for information, documents and explanations from the Authorities, including Enforcement Directorate, with respect to the customers that may have done business with the respective entities, and provided the required information, documents and explanations to the Authorities,” the company said in a regulatory filing.

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History of this topic

Paytm shares hit 52-week high; up more than 3%
2 weeks ago

Paytm shares hit 52-week high; up more than 3%

The Hindu  

Shares of One97 Communications, which owns the Paytm brand, on Monday jumped more than 3% on the bourses after the company approved the sale of stake in Softbank group's fintech firm PayPay Corporation. Equity markets see high volatility, Sensex falls 150 points, nifty down 37 points As the company's shares touched a 52-week high, the market valuation of Paytm rose …

Paytm shares rise 3% to hit 52-week high. What's driving the rally?
2 weeks ago

Paytm shares rise 3% to hit 52-week high. What's driving the rally?

India Today  

Shares of Paytm,, rose 3% in early trade on Monday to hit a 52-week high. The surge came after the company announced that its wholly-owned subsidiary, One97 Communications Singapore Pvt Ltd, had sold its Stock Acquisition Rights in Japan-based PayPay Corporation to SoftBank Vision Fund 2. Paytm shares climbed 3.19% in early trade to reach Rs 1,007 on the Bombay …

Paytm shares rise above Rs 1,000 today. 3 things you need to know
Trending News
2 weeks ago

Paytm shares rise above Rs 1,000 today. 3 things you need to know

India Today  

Paytm shares rallied over 3% on Monday, hitting a 52-week high of Rs 1,007 on the Bombay Stock Exchange. Here are three key factors propelling Paytm’s stock upward: STRATEGIC SALE Paytm’s Singapore-based unit approved the sale of its Stock Acquisition Rights in Japanese payments firm PayPay to SoftBank Vision Fund 2 for JPY 41.9 billion. PAYTM'S FINANCIAL PERFORMANCE Paytm reported …

Paytm share price hits 52-week high today. What's driving the rally?
2 weeks, 3 days ago

Paytm share price hits 52-week high today. What's driving the rally?

India Today  

Shares of One 97 Communications Ltd, Paytm’s parent company, climbed over 3.5% to hit a fresh 52-week high on Friday. The stock jumped 3.60% to hit a 52-week high of Rs 990.90 on Friday. The rally followed media reports suggesting that Paytm may sell its stake in Japan's PayPay to SoftBank for $250 million. The company posted its first-ever quarterly …

Paytm share price hits 52-week high, up 185% in 6 months: More gains ahead?
2 weeks, 4 days ago

Paytm share price hits 52-week high, up 185% in 6 months: More gains ahead?

India Today  

Shares of One97 Communications Ltd, the parent company of Paytm, hit a 52-week high during Thursday’s trading session. The stock’s recovery began after it plummeted to an all-time low of Rs 310 in May following restrictions imposed by the Reserve Bank of India on Paytm Payments Bank Ltd. For the second quarter of FY25, Paytm posted a profit after tax …

Paytm has made a big new bet. Will it pay off?
3 weeks, 5 days ago

Paytm has made a big new bet. Will it pay off?

Live Mint  

Since its debut on Dalal Street three years ago, Paytm has been battling several challenges. View Full Image Source: Tijorifinance Financial services The RBI's action caused Paytm’s operating model to change significantly as lenders turned cautious. View Full Image Source: Tijorifinance During Q2 FY25, 600,000 unique consumers and merchants availed of financial services through Paytm, up from 590,000 during Q1 …

Paytm Share Price Today on 26-11-2024: Paytm share price are up by 0.54%, Nifty down by -0.08%
Top News
3 weeks, 6 days ago

Paytm Share Price Today on 26-11-2024: Paytm share price are up by 0.54%, Nifty down by -0.08%

Live Mint  

Paytm Share Price Today on 26-11-2024: At 26 Nov 11:06 today, Paytm shares are trading at price ₹897.45, 0.54% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Paytm Share Price Today on 25-11-2024: Paytm share price are down by -0.81%, Nifty up by 1.68%
4 weeks ago

Paytm Share Price Today on 25-11-2024: Paytm share price are down by -0.81%, Nifty up by 1.68%

Live Mint  

Paytm Share Price Today on 25-11-2024: At 25 Nov 11:11 today, Paytm shares are trading at price ₹892.75, -0.81% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Paytm Share Price Today on 22-11-2024: Paytm share price are up by 5.78%, Nifty up by 1.28%
1 month ago

Paytm Share Price Today on 22-11-2024: Paytm share price are up by 5.78%, Nifty up by 1.28%

Live Mint  

Paytm Share Price Today on 22-11-2024: At 22 Nov 12:23 today, Paytm shares are trading at price ₹894.3, 5.78% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?
1 month ago

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?

India Today  

Shares of One97 Communications Limited, Paytm's parent company, gained in early trade after global brokerage Berstein's latest price target update. The update reflects growing confidence in the fintech firm’s prospects, with the global brokerage firm projecting significant earnings growth under a favourable scenario. It highlighted that Paytm’s payment margins, currently at 10 basis points due to regulatory actions, could recover …

Paytm Share Price Today on 11-11-2024: Paytm share price are down by -3.3%, Nifty down by -0.03%
1 month, 1 week ago

Paytm Share Price Today on 11-11-2024: Paytm share price are down by -3.3%, Nifty down by -0.03%

Live Mint  

Paytm Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Paytm shares are trading at price ₹820.15, -3.3% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Paytm Stock Price Today: Up 2.85%, Nifty Down 0.35%
Trending News
1 month, 3 weeks ago

Paytm Stock Price Today: Up 2.85%, Nifty Down 0.35%

Live Mint  

Paytm share price is up by 2.85% today, trading at ₹773.7. The stock has hit a high of ₹776.2 and a low of ₹745.25 during the day. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Paytm Stock Price Today: Up 1.36%, Nifty Down by -0.09%
1 month, 3 weeks ago

Paytm Stock Price Today: Up 1.36%, Nifty Down by -0.09%

Live Mint  

Paytm share price is up by 1.36% today, trading at ₹754.5. The stock has hit a high of ₹764.15 and a low of ₹738.3 during the day. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Paytm's Surge: Regulatory Approval Fuels Growth Potential
2 months ago

Paytm's Surge: Regulatory Approval Fuels Growth Potential

India Today  

Paytm's share price surged over 11% today after the company received approval from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This development is seen as a potential turning point for Paytm's user base growth and an easing of regulatory hurdles.

Paytm Stock Price Today: Up 1.68%, Nifty Down 0.41%
2 months ago

Paytm Stock Price Today: Up 1.68%, Nifty Down 0.41%

Live Mint  

Paytm shares are trading up by 1.68% today, while the Nifty is down by -0.41%. The stock has hit a high of ₹742.15 and a low of ₹706.25 during the day, but it is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Paytm Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands
2 months, 3 weeks ago

Paytm Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands

News 18  

One 97 Communications Ltd reportedly witnessed a significant transaction as 0.8 per cent of its equity stake was sold for approximately Rs 327.8 crore. According to a report by CNBC TV18, around 47.2 lakh Paytm shares exchanged hands at an average price of Rs 701 per share. Following this large trade, Paytm’s stock price surged, reaching Rs 713.2 on the …

Paytm shares jump 5% today. Check price targets
3 months, 3 weeks ago

Paytm shares jump 5% today. Check price targets

India Today  

Shares of One 97 Communications Ltd rose by 5% in Thursday's trading session after receiving approval for downstream investment in its wholly-owned subsidiary, Paytm Payments Services Ltd. Jefferies has kept a "Hold" rating with a target price of Rs 420, noting that if approved by the Reserve Bank of India, Paytm could onboard new online merchants. Ventura Securities has issued …

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 Shares Up Over 3% After Clarification On Sebi Show Cause Notice
3 months, 3 weeks ago

Paytm Shares Up Over 3% After Clarification On Sebi Show Cause Notice

News 18  

Paytm shares rose 3 per cent after the fintech company issued a clarification on the media news saying “Vijay Shekhar Sharma, Paytm directors face Sebi show-cause notices over IPO breaches”. “With reference to recent media reports, we would like to inform you that this is not a new development, as the Company had already made relevant disclosures on this matter …

Paytm issues clarification on SEBI notice, says ‘not a new development’
3 months, 3 weeks ago

Paytm issues clarification on SEBI notice, says ‘not a new development’

Live Mint  

One 97 Communications Ltd., the parent company of the Paytm brand, said that the reports on the company receiving a Securities and Exchange Board of India show cause notice is not a new development. “With reference to recent media reports, we would like to inform you that this is not a new development, as the Company had already made relevant …

Paytm share price dips after Sebi warning, company says no impact on operations
5 months, 1 week ago

Paytm share price dips after Sebi warning, company says no impact on operations

Hindustan Times  

Paytm share price dipped almost two per cent today after the company received a warning letter from capital markets regulator Securities Exchange Board of India. Paytm shares fell as much as 1.88% to ₹460.80 apiece on BSE after One 97 Communications, the parent company of fintech major Paytm, received an administrative warning letter from Sebi with respect to related party …

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 hits 5% upper circuit for third consecutive session. Here's why
6 months, 3 weeks ago

Paytm hits 5% upper circuit for third consecutive session. Here's why

Hindustan Times  

Paytm share price: Paytm parent One97 Communications shares hit a 5 per cent upper circuit today. This comes as a block deal involving 75.20 lakh shares, representing a 1.2 per cent stake in the company, took place on the exchanges. The block deal was worth a total of ₹296.30 crore and the average floor price of the transaction was also …

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day
6 months, 3 weeks ago

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day

ABP News  

Shares of One97 Communications, Paytm's parent company, surged by 5 per cent on Thursday, reaching their upper circuit limit for the second consecutive session. Nevertheless, the stock surged by 4.99 per cent, hitting its upper circuit limit of Rs 377.40 on the NSE and Rs 377.50 on the BSE. As of the end of March, Paytm founder Vijay Shekhar Sharma …

Paytm shares hit upper circuit for second straight session: What brokerages said
6 months, 3 weeks ago

Paytm shares hit upper circuit for second straight session: What brokerages said

Hindustan Times  

Paytm share price today: Shares of Paytm hit upper circuit of 5% for the second straight session today. The stock gained 4.99% to reach ₹401.55 on BSE after hitting upper circuit of 5% on May 29. The stock rose after it was reported that Adani Group chairman Gautam Adani was considering buying a stake in Paytm's parent company One97 Communications. …

Is Paytm in talks with Adani Group to sell stake? Company issues clarification
6 months, 3 weeks ago

Is Paytm in talks with Adani Group to sell stake? Company issues clarification

India TV News  

New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company. News …

Vijay Shekhar Sharma says ‘worst behind us’, brokerages say Paytm may fall 25% more. Here's why
7 months ago

Vijay Shekhar Sharma says ‘worst behind us’, brokerages say Paytm may fall 25% more. Here's why

Hindustan Times  

Paytm founder Vijay Shekhar Sharma told shareholders in a post-earnings call that the worst is behind the company. We also resolved to be fully compliant according to the regulators expectations in letter and spirit.” Paytm founder and CEO Vijay Shekhar Sharma during an event in Mumbai, What Paytm quarterly results showed? The quarterly results come after the Reserve Bank of …

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 share price hits upper circuit after touching 52-week low. Buy or wait?
7 months, 2 weeks ago

Paytm share price hits upper circuit after touching 52-week low. Buy or wait?

Live Mint  

Stock market today: Shares of One 97 Communications Ltd, aka Paytm, witnessed a strong rebound after touching a 52-week low in early morning sessions on Thursday. Paytm share price today opened downside and touched a 52-week low of ₹310 apiece, but the One 97 share price witnessed a strong rebound and touched an intraday high of ₹333. They said that …

Paytm share price falls nearly 3% after payments bank chief quits
8 months, 1 week ago

Paytm share price falls nearly 3% after payments bank chief quits

Hindustan Times  

Paytm share price: Shares of Paytm fell nearly 3 per cent today after Surinder Chawla stepped down as the Paytm Payments Bank managing director and chief executive. Paytm share price: A QR code for the Paytm digital payment system at a store in Mumbai, India. More on Paytm crisis The Reserve Bank of India imposed business restrictions on PPBL which …

Paytm share price jumps 5% after hitting upper circuits for 2 days in a row; can it rise more? Here’s what experts say
9 months ago

Paytm share price jumps 5% after hitting upper circuits for 2 days in a row; can it rise more? Here’s what experts say

Live Mint  

Paytm share price continued experiencing robust momentum, surging approximately 5 per cent on the BSE, in intraday trade on Wednesday, March 20. Paytm share price opened at ₹415.60 against its previous close of ₹405.85 and rose 4.93 per cent to hit its intraday high of ₹425.85. Around 12:15 pm, the stock traded nearly 3.45 per cent up at ₹419.85, indicating …

Paytm stock gains for 4th consecutive day: Is the worst over?
9 months ago

Paytm stock gains for 4th consecutive day: Is the worst over?

Hindustan Times  

Paytm share price: Shares of One97 Communications, Paytm's parent company, extended gains for the fourth consecutive session as the stock soared over 4% intra-day basis today hitting day high of ₹425.70 on the NSE. Analysts on Paytm stock Global brokerage firm Morgan Stanley reaffirmed its ‘Equal-Weight’ rating on the stock and maintained a price target of ₹555 per share while …

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 Payments Bank fined ₹5.49 crore for money laundering
9 months, 3 weeks ago

Paytm Payments Bank fined ₹5.49 crore for money laundering

Hindustan Times  

Financial Intelligence Unit on Friday imposed ₹5.49 crore penalty on Paytm Payments Bank for money laundering, PTI quoted the ministry of finance as saying. has imposed a monetary penalty of ₹5.49 crore on Paytm Payments Bank Ltd with reference to the violations of its obligations under the PMLA," the ministry said in a statement. A Paytm Payments Bank spokesperson said,"The …

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 discontinues inter-company agreements with Paytm Payments Bank
9 months, 3 weeks ago

Paytm discontinues inter-company agreements with Paytm Payments Bank

Live Mint  

Fintech major Paytm on March 1 said it has mutually agreed to discontinue various inter-company agreements with its payments bank unit Paytm Payments Bank to “reduce dependencies”, Reuters reported. The goal is to enhance the governance of Paytm Payments Bank, making it more independent of its shareholders. The Paytm Payment Bank Crisis Paytm's fintech arm, PPBL has been hit with …

SoftBank’s Stake in Paytm Down to 2.83 pc
9 months, 3 weeks ago

SoftBank’s Stake in Paytm Down to 2.83 pc

Deccan Chronicle  

Chennai: Japanese investor SoftBank has divested 2.17 per cent stake worth Rs 580 crore in Paytm. With this fifth divestment in this fiscal, SoftBank’s stake in Paytm has come down to 2.83 per cent. Paytm, which has been facing regulatory hurdles, saw SoftBank divesting 1,37,84,787 equity shares in a series of disposals between January 23 and February 26, as per …

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. …

Why is RBI so cranky about fintech firms after Paytm crisis?
10 months ago

Why is RBI so cranky about fintech firms after Paytm crisis?

Hindustan Times  

First, Paytm was asked to freeze its banking business, a crackdown so severe that India’s pioneering digital payments firm bled out nearly 60% of its market value in two weeks. While freezing fresh credits into Paytm Payments Bank accounts for “persistent non-compliances and continued material supervisory concerns,” RBI mandated that the bank terminate the nodal accounts of One 97 Communications …

Amid Paytm Payments Bank crackdown, Uday Kotak says ‘RBI knows better than you and I’
10 months ago

Amid Paytm Payments Bank crackdown, Uday Kotak says ‘RBI knows better than you and I’

Hindustan Times  

As the Reserve Bank of India continues its probe against Paytm Payments Bank and its alleged KYC irregularities, veteran banker Uday Kotak backed the move of the central bank on the recent developments. Uday Kotak, Founder, MD and CEO of Kotak Mahindra Bank Ltd While speaking regarding the ongoing Paytm Payments Bank matter, Kotak said he would not like to …

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 Today: Hits 5% upper circuit. Will it completely recover?
10 months ago

Paytm Share Price Today: Hits 5% upper circuit. Will it completely recover?

Hindustan Times  

Paytm Share Price: Paytm shares stayed in the green with a 5 percent rise today. This comes after Paytm founder and CEO Vijay Shekhar Sharma said that its QR code and soundbox facilities will continue to work even after the March 15 deadline set by the Reserve Bank of India. Paytm Share Price: Cutlery vendor switches on Paytm, a digital …

Paytm share price hits upper circuit again today. What's driving the rally?
10 months ago

Paytm share price hits upper circuit again today. What's driving the rally?

Hindustan Times  

Paytm share price today continued its recovery. Paytm share price today: The interface of Indian payments app Paytm is seen in front of its logo displayed. Paytm share price: Axis Bank decision Paytm's parent company- One97 Communications- shifted its nodal account to Axis Bank through an escrow account. Paytm share price: RBI deadline The Reserve Bank of India extended the …

Paytm crisis: No forex violations found by probe agency yet, says report
10 months ago

Paytm crisis: No forex violations found by probe agency yet, says report

India Today  

An investigation into potential foreign exchange breaches at Paytm Payments bank by the Enforcement Directorate of India hasn't uncovered any violations yet, according to a government source familiar with the situation, news agency Reuters reported. Since the Reserve Bank of India's announcement on January 31st that Paytm Payments Bank couldn't take in new funds, Paytm's shares have plummeted by over …

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 …

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes
10 months ago

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes

New Indian Express  

NEW DELHI: Shares of One97 Communications -- owner of the brand Paytm -- jumped 5 per cent in the morning trade on Monday after the crisis-hit fintech company's decision to collaborate with Axis Bank for the continuation of merchant settlements. In the morning trade, the 30-share BSE Sensex benchmark gained 185.81 points or 0.26 per cent to 72,612.45, while NSE …

Explained: Why Paytm shares hit 5% upper circuit for 2nd straight session
10 months ago

Explained: Why Paytm shares hit 5% upper circuit for 2nd straight session

India Today  

Shares of One 97 Communications Limited, the parent firm of digital payments company Paytm, surged by 5 per cent to hit its upper circuit on Monday. Additionally, investor sentiment was buoyed by clarifications provided by the Reserve Bank of India in its FAQs regarding the continuity of Paytm's QR code, card machine, and soundbox services beyond March 15. As soon …

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