{"id":273627,"date":"2024-02-02T05:12:46","date_gmt":"2024-02-02T05:12:46","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=273627"},"modified":"2024-02-02T05:12:46","modified_gmt":"2024-02-02T05:12:46","slug":"paytm-stock-plummets-40-in-two-days-amid-worries-about-rbi-directive","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2024\/02\/paytm-stock-plummets-40-in-two-days-amid-worries-about-rbi-directive\/","title":{"rendered":"Paytm Stock Plummets 40% in Two Days Amid Worries About RBI Directive"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-cxvlc-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-cxvlc-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-13\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"37f0e794-16a6-47f7-bc49-65cbc38417fe\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Shares of the digital payments firm Paytm experienced a sharp decline of 20% on Friday following a regulatory clampdown by the central bank on its payments bank. Despite Paytm&#8217;s efforts to reassure investors about the potential impact on its business, the ongoing concerns continued to weigh on investor sentiment.<\/p>\n<p>As of Friday, Paytm shares were priced at 487 rupees, marking their lowest point in over a year and remaining at the lower limit of an exchange-imposed trading band for the second consecutive day. The company&#8217;s shares have witnessed a substantial 36% decrease over the course of the week.<\/p>\n<p>In an attempt to allay concerns among its user base, Paytm CEO Vijay Shekhar Sharma took to social media, stating, &#8220;Your favourite app is working, will keep working beyond 29 February as usual.&#8221; He further emphasized the company&#8217;s commitment to addressing challenges while operating in full compliance.<\/p>\n<p>The Reserve Bank of India (RBI) had issued an order on Wednesday directing Paytm Payments Bank to halt the acceptance of fresh deposits in its accounts and popular digital wallets from March onwards. This move has raised apprehensions regarding the impact on revenues from Paytm&#8217;s primary payments business. Paytm&#8217;s leadership, including Mr. Sharma, remains dedicated to finding solutions and serving the nation within the framework of regulatory compliance.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.hamslive.com\/news\/2024\/02\/paytm-stock-plummets-40-in-two-days-amid-worries-about-rbi-directive\/\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Shares of the digital payments firm Paytm experienced a sharp decline of 20% on Friday following a regulatory clampdown by the central bank on its payments bank. Despite Paytm&#8217;s efforts to reassure investors about the potential impact on its business, the ongoing concerns continued to weigh on investor sentiment. As of Friday, Paytm shares were [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":273628,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,45],"tags":[7720,80,164,4124,10060],"class_list":{"0":"post-273627","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-india","9":"tag-central-bank","10":"tag-economy","11":"tag-india","12":"tag-paytm","13":"tag-rbi-directive"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Paytm Stock Plummets 40% in Two Days Amid Worries About RBI Directive<\/title>\n<meta name=\"description\" content=\"Shares of the digital payments firm Paytm experienced a sharp decline of 20% on Friday following a regulatory clampdown by the central bank on its payments bank.\" \/>\n<meta name=\"robots\" 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