Everything You Need To Know About The Paytm Fiasco

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Jan 29th - NHAI Fiasco

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Jan 31st - RBI’s Crackdown

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Feb 1st - Jefferies

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Feb 1st & 2nd - Stock Plunges

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Startup Ecosystem Supporting Paytm

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Paytm To Continue Working

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Feb 4th - RBI to Cancel Paytm’s License

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Feb 5th - BSE, NSE Take Action

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Stay updated with the latest news related to Paytm and RBI with Inc42

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Everything You Need To Know About The Paytm Fiasco

Jan 29th - NHAI Fiasco

NHAI arms bars Paytm Payments Banks from issuing fresh FASTags after an audit found that non compliance with the parameters prescribed in the SLA.

Jan 31st - RBI’s Crackdown

RBI barred Paytm Payments Bank from any deposits or credit transactions, or top-ups in any of its customer accounts because of Paytm Payments Bank’s “persistent non-compliances and continued material supervisory concerns”.

Feb 1st - Jefferies

Jefferies downgraded the payment aggregator to ‘underperform’ from a ‘buy’ call and reduced the price target (PT) for the stock by more than half to INR 500 from INR 1,050.

Feb 1st & 2nd - Stock Plunges

Shares of One97 Communications Limited, the parent entity of Paytm, slumped 20% in early trade on Thursday (Feb 1), similar fate happened the very next day!

Startup Ecosystem Supporting Paytm

The Paytm CEO is receiving full support from his colleagues and veterans from the startup ecosystem

Paytm To Continue Working

CEO Sharma took to X explaining that Paytm will continue to work beyond 29th Feb

Feb 4th - RBI to Cancel Paytm’s License

RBI could cancel the licence of Paytm Payments Banks once the deposits of its customers are safeguarded, post the February 29 deadline.

Feb 5th - BSE, NSE Take Action

BSE & NSE have halved the daily trading limit of shares for Paytm from 20% to 10%, effective from Feb 5th.

Stay updated with the latest news related to Paytm and RBI with Inc42