Paytm Shares Crash 20 Percent to Lower Circuit as RBI Puts Restrictions on Its Payments Bank
Paytm shares opened lower at Rs 608.80 per share on the Bombay Stock Exchange (BSE) and hit a 20% lower circuit within a few minutes of the stock market’s opening bell.
In the wake of the Reserve Bank’s restrictions on Paytm’s payment bank, Paytm’s share price today experienced significant selling pressure. Paytm shares opened lower at Rs 608.80 per share on the Bombay Stock Exchange (BSE) and hit a 20% lower circuit within a few minutes of the stock market’s opening bell. This sharp drop reflects the market’s reaction to the Reserve Bank’s recent actions. RBI Action Against Paytm: Reserve Bank of India Stops Paytm Payments Bank From Accepting Fresh Deposits After February 29, Here’s Why.
Paytm Share Crash
#NewsAlert 🚨 Shares of Paytm crashed 20% in early trade as the RBI slapped major restrictions on the company's lending business
Read here 👇https://t.co/tgxNX6aeIz#Paytm #RBI #VijayShekharSharma #StockMarket pic.twitter.com/rw4uSFDTIX
— Moneycontrol (@moneycontrolcom) February 1, 2024
(The above story first appeared on LatestLY on Feb 01, 2024 10:03 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
