Paytm Share Price Plunges 13 Percent as RBI Bars Its Payment Bank From Acquiring New Customers
One97 Communications parent company of Paytm stock has hit a new low as the company saw a fall of 13 per cent in the opening hours of Monday
The share price of One97 Communications the parent company of Paytm plunged 13 per cent after the price of the share fell and hit a new low during the opening hours of Monday morning. The reason behind this big fall is predicted to be the Reserve Bank of India's (RBI) which bars the fintech company from onboarding any new customer in Paytm Payments Bank (PPBL) with immediate effect over certain security concerns.
See Tweet:
(SocialLY brings you all the latest breaking news, fact checks and information from social media world, including Twitter (X), Instagram and Youtube. The above post contains publicly available embedded media, directly from the user's social media account and the views appearing in the social media post do not reflect the opinions of LatestLY.)