Paytm Hits Lower Circuit, Shares Down 20% After RBI Restrictions
On March 11, 2022, the RBI had barred PPBL from onboarding new customers with immediate effect. Paytm’s stock fell to a six-week low of 609 rupees. Paytm, the Indian payments company, experienced a 20% decline in pre-market trading on Thursday. This followed a regulatory decision in India to suspend operations at Paytm’s payments bank unit, … Read more
