RBI-Paytm Saga; All you need to know is here

Paytm shares experienced another significant downturn, triggering a consecutive 10% lower circuit on Monday. This follows a substantial 20% decline the preceding day, compounding the challenges for the company. The current market value of Paytm shares stands at Rs 438.50, approaching its all-time low of Rs 438, a level not observed since March 2022.

The decline in Paytm’s stock comes in the wake of regulatory concerns, with the Reserve Bank of India (RBI) identifying supervisory concerns in the top management and operations of Paytm Payments Bank. As a consequence of these regulatory hurdles, Paytm Payments Bank services are set to cease operations from March 1, with February 29, 2024, designated as the last day of service.