Ahead of the RBI restrictions, MF industry’s shareholding in Paytm!
Wed, Feb 21, 2024 3:51 PM

Ahead of the RBI restrictions, MF industry’s shareholding in Paytm!

A Flip by Avya Verma
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On January 31st, the Reserve Bank of India (RBI) placed operational restrictions on Paytm Payments Bank Ltd. (PPBL) due to ongoing non-compliance issues and significant supervisory concerns.After the RBI action, One 97 Communications shares plunge 55 percent (From Jan 31 till date) on NSE and BSE. Moreover, following the announcement, major players like Jefferies and Macquarie also downgraded.

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