Paytm starts getting downgrades after RBI ban
Thu, Feb 1, 2024 11:20 AM

Paytm starts getting downgrades after RBI ban

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RBI's restrictions on Paytm Payments Bank have led to downgrades from brokerages, with Jefferies lowering target price to Rs 500/share citing reputational risks. EBITDA expected to be down by 46% in FY25/26E due to cuts in payments and lending revenues. Macquarie also expects significant long-term impact on revenue and profitability.

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