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Paytm: ED launches preliminary investigation against Paytm Payments Bank following RBI’s decision.

9planetswebsFebruary 14, 2024February 14, 202402 mins

Paytm: According to two sources, India’s financial crime-fighting agency is requesting information on overseas transactions from Paytm Payments Bank, a subsidiary of One 97 Communications, one of the country’s largest payment operators. Earlier this month, Reuters reported that the Enforcement Directorate had initiated an investigation into One 97 Communications, commonly known as Paytm, over suspicions…

Sensex and Nifty climb tracking Asian markets; Paytm reaches record low.

9planetswebsFebruary 13, 202403 mins

Sensex and Nifty: At approximately 9:15 am, the S&P BSE Sensex was up 0.28 percent at 71,275.64, while the NSE Nifty50 was up 0.19 percent at 21,657.35. Nonetheless, there appears to be a lot of volatility affecting both the benchmarks and the wider market indices. In short Asian markets saw a solid start to Tuesday’s…

Paytm shares drop 10% following RBI’s action due to ongoing non-compliance.

9planetswebsFebruary 8, 202404 mins

Paytm shares: At 1:11 pm, Paytm shares were being traded at Rs 457.15 on the BSE, marking a nearly 10 percent decrease from the previous closing price. On the afternoon of February 8, shares of One97 Communications, the parent company of Paytm, continued to decline following the Reserve Bank of India’s announcement regarding action taken…

Paytm shares are up 5%; will this recovery continue?

9planetswebsFebruary 6, 202403 mins

Paytm shares surged 5% today after being confined in the lower circuit for three consecutive sessions after the RBI’s restrictions. Paytm shares rose 5% on February 6 after being caught in a lower circuit for three straight sessions due to the RBI’s restrictions on its payments bank business. The RBI prohibited Paytm Payments Bank from…

Paytm share price is expected to surge by 46%.

9planetswebsDecember 19, 202304 mins

Paytm share price: According to global research firm Macquarie, Paytm’s decision to rebalance its lending portfolio was a precautionary measure taken in consultation with its partners. There was no deterioration in asset quality in the post-paid or personal loan segment, Macquarie said in a note. Paytm’s parent company, One 97 Communications, had previously decided to…