Shares of Paytm, owned by One 97 Communications, crashed 20% on BSE after the RBI directed Paytm Payments Bank to halt new credit and deposit operations. Jefferies, a global broking firm, downgraded Paytm and highlighted the impact on Paytm's wallet business and profitability of merchant payments. Macquarie's Suresh Ganapathy emphasized the regulatory issues faced by Paytm and the potential implications for revenue and profitability. Read The Rest at :
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