SUMMARY

After a sharp fall of over 50% since January 31 due to the RBI’s crackdown on Paytm Payments Bank, the shares of Paytm started witnessing some respite from the end of last week

RBI’s extension of the deadline on the payments bank’s business restrictions to March 15 from February 29 earlier as well as the company’s announcement of shifting its nodal account to Axis Bank provided some optimism

Bernstein expects the disruption to Paytm’s GMV/merchant loan growth to be a short-term phenomenon

Continuing its gains for the fourth consecutive trading session, shares of Paytm opened 5% higher on Wednesday, once again touching the upper circuit at INR 395.25 on the BSE.

After a sharp fall of over 50% since January 31 due to the RBI’s crackdown on Paytm Payments Bank, the shares of Paytm started witnessing some respite from the end of last week.