Paytm Stock Falls 35% in Two Days After RBI Restricts Paytm Payments Bank

Paytm's Stock Falls For Second Day: Key Points

  • Stock price: Down 20% for the second consecutive day, hitting a 52-week low.
  • Reason: Reserve Bank of India (RBI) took strict action against Paytm Payments Bank Limited, potentially impacting its growth and profitability.
  • Impact:
    • Analysts downgraded the stock and lowered target prices.
    • RBI action could lead to a loss of up to ₹500 crore in earnings for Paytm Payments Bank.
    • Investors are cautious due to uncertainties and regulations.
  • Future outlook: Uncertain, with experts advising against buying at current levels. Some suggest waiting for stability signals before considering investment.

Additional notes:

  • This freefall follows earlier decisions by Paytm to curtail low-value loans and adjust its Buy Now, Pay Later (BNPL) business due to regulatory changes.
  • The wider market reacted positively to the budget, but Paytm's specific issues continue to weigh on its stock price.

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