India’s Paytm nears record low, down 10% after RBI crackdown

Bengaluru: Shares of Indian digital payments firm Paytm slumped 10 per cent to a near record low on Monday, extending a rout triggered by a regulatory crackdown on the company’s banking unit.

The stock fell by its daily trading limit to 438.5 rupees, just shy of the previous all-time low of 438.35 rupees hit in November 2022.