Paytm Wallet, FASTag Ban: Rs 17,500 Crore Lost As Shares Down By 20%, Despite Assurances By Paytm

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5 months ago

Beleaguered fintech Paytm’s shares faced severe battering after RBI barred its payments bank from onboarding new customers, with prices tanking 40% over two days including consecutive lower circuit hits. Analyst downgrades poured in alongside growth uncertainty with operational curbs threatening business fundamentals. Paytm warned of ‘a few quarters’ turbulence while asserting compliance measures are underway […]

The post Paytm Wallet, FASTag Ban: Rs 17,500 Crore Lost As Shares Down By 20%, Despite Assurances By Paytm appeared first on Trak.in - Indian Business of Tech, Mobile & Startups.

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