Paytm shares fall after hitting upper circuit for four sessions

Shares of One97 Communications, the parent company of Paytm, are down 2%. Paytm stock has rebounded after an investigation found no significant violations of foreign exchange rules but noted lapses in KYC processes. The RBI scrutinizes fintech firms, leading to tighter regulation and potential sector consolidation.

Feb 22, 2024 - 17:30
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Paytm shares fall after hitting upper circuit for four sessions
Shares of One97 Communications, the parent company of Paytm, are down 2%. Paytm stock has rebounded after an investigation found no significant violations of foreign exchange rules but noted lapses in KYC processes. The RBI scrutinizes fintech firms, leading to tighter regulation and potential sector consolidation.

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