Paytm shares jump 10% today; here’s why
The shares of One97 have seen a major erosion in value after the RBI's stringent action against its former associate entity, Paytm Payments Bank, on January 31, 2024
The shares of One97 have seen a major erosion in value after the RBI's stringent action against its former associate entity, Paytm Payments Bank, on January 31, 2024
Paytm calls reports of Adani Group chairman Gautam Adani looking to buy a stake in the digital payments firm 'speculative'
Loss widened due to impairment of ₹227 crore towards the carrying value of Paytm's investment in Paytm Payments Bank.
Shares of the Paytm parent One 97 Communications tank 5% to hit a record low of ₹317.45.
Surinder Chawla has resigned as Managing Director and CEO of Paytm Payments Bank, an associate entity of Paytm.
Chawla will be relieved from Paytm Payments Bank with effect from close of business hours on June 26, 2024
Paytm shares have tumbled 51% from ₹761 at the close of trade on January 31, 2023, after the RBI action against PPBL.
Axis Bank, HDFC Bank, State Bank of India and YES Bank will act as payment system provider (PSP) banks to Paytm parent One97 Communications
Paytm app, QR, Soundbox, card machines will continue to remain functional beyond March 15
NHAI urges Paytm FASTag users to switch to other banks before March 15