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Paytm Payments Bank’s independent director Manju Agarwal resigns

Manju Agarwal had been serving on the PPBL board since May 2021.

Additional fund requirement might have fuelled the fall in Paytm stock

Sources said that the margin funding book for the Paytm stock stood at close to Rs 250-300 crore before the carnage started. What caused precipitous selling was the call by some brokers for additional margins, not just for Paytm stock they were holding but also other outstanding positions

Jio Financial Services, Paytm deny reports of wallet business acquisition talks

The RBI has imposed crippling restrictions on Paytm Payments Bank, including a bar on accepting fresh deposits and credit transactions after February 29

Paytm stock crashes another 10%, hits lower circuit again; loses over 42% in 3 days

News reports also said the Reserve Bank of India may consider cancelling Paytm’s banking licence, as early as next month, once the depositors money is safe.

Bulk deals: Morgan Stanley Asia buys Rs 244 cr worth stake in Paytm for client

The shares, apparently, have been bought on behalf of some other entities who do not hold a FPI license in India as the entry in bulk deal data was marked as ODI.

Paytm stock falls another 20% to hit lower circuit on day 2; no near-term solution to woes in sight

Macquarie does not see any near-term solution to Paytm's problems as it believes the lapses found out to by RBI to be material

Paytm stock to see sharp cut as institutions may dump stock; reputational risk greater than earnings impact

RBI barred the Payments Bank from taking deposits in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024, effectively putting an end to the banking activities.

RBI action on Paytm Payments Bank could affect lending business, says Jefferies

RBI on January 31 imposed major business restrictions on Paytm Payments Bank including accepting fresh deposits and doing credit transactions after February 29.

Bulk deals: Marshall Wace bought Rs 308 crore worth of shares in Paytm

BNP Paribas Arbitrage sold 42.15 lakh shares in Paytm at Rs 753.75 per share

Buy One 97 Communications; target of Rs 975: Motilal Oswal

Motilal Oswal is bullish on One 97 Communications recommended buy rating on the stock with a target price of Rs 975 in its research report dated January 21, 2024.

One 97 Communications Ltd. engages in the development of digital goods and mobile commerce platform. It operates through the following segments: Payment, Commerce, Cloud, and Others. The company was founded by Vijay Shekhar Sharma on December 22, 2000 and is headquartered in Noida, India.

Volume	10.48M
52-Wk High	998.30
52-Wk Low	310.00

PAYTM.NSE One 97 Communications Ltd.

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