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One 97 Communications Ltd.

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India: Paytm slumps over 8% as RBI cancels banking licence of payments bank
The stock later recouped some losses to trade down about 3.5%.
cityfalcon.com·4h ago
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India’s central bank revokes Paytm Payments Bank permit
The RBI said there was no useful purpose or public interest in allowing the bank to continue operations.
cityfalcon.com·5h ago
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Paytm's market share gains drive 26% GMV growth: Goldman Sachs
New Delhi [India], April 27 (ANI): Global brokerage Goldman Sachs has reiterated its 'Buy' rating on Paytm (One 97 Communications Ltd.) with a target price of 1,400, implying an upside of around 22% from current levels, citing continued market share gains across consumers and merchants and limited fallout from the cancellation of its associate entity's banking license. The brokerage expects Paytm to deliver anoth
cityfalcon.com·7h ago
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India's Paytm trims losses; analysts see limited hit from bank unit licence scrapping
April 27 : Shares of India’s One 97 Communications, commonly known as Paytm, recouped most losses on Monday afternoon, as analysts said the cancellation of an associate firm's payment bank licence would have a limited impact on the fintech company.The stock initially fell as much as 8.4 per cent in its big
cityfalcon.com·7h ago
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Sensex, Nifty 50 | Stock Market LIVE Updates: Gift Nifty signals positive start for Indian market; RIL, Paytm in focus
Sensex, Nifty 50 | Stock Market LIVE Updates: Globally, Asian markets traded higher, while the US stock market ended higher last week, with the S&P 500 and Nasdaq closing at record highs.
cityfalcon.com·14h ago
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Stocks in news: RIL, IDFC First Bank, Paytm, Sun Pharma, Manappuram Finance
Indian markets faced pressure extending a corrective phase. Key companies like RIL, IDFC First Bank, and Paytm reported their financial results and news developments. Sun Pharma is set for a major overseas acquisition. NTPC plans nuclear power units, while Adani Green invests in battery storage. Coal India aims to cut imports. Hindustan Zinc and HPCL shared growth and restoration updates.
cityfalcon.com·16h ago
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RBI’s action on Paytm Payments Bank Limited has no financial impact and strong momentum, says company
In a regulatory filing, the Noida-based fintech major said PPBL operates independently, with no board or management involvement from Paytm
cityfalcon.com·2d ago
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RBI scraps licence of Paytm Payments Bank
India Business News: MUMBAI: RBI on Friday cancelled the banking licence of Paytm Payments Bank with immediate effect, prohibiting it from carrying out any banking busines.
cityfalcon.com·3d ago
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RBI revokes licence of Paytm Payments Bank
The Reserve Bank of India (RBI) on Friday revoked the banking licence of Paytm Payments Bank Limited, bringing a sudden end to one of India’s most high-profile payments bank experiments. In a notification dated April 24, the RBI said it had cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of […]
cityfalcon.com·3d ago
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RBI pulls plug on Paytm Payments Bank, cites depositor risk
Following the exit of Paytm Payments Bank, India will have five such banks. These are Airtel Payments Bank, India Post Payments Bank, Fino Payments Bank, Jio Payments Bank, and NSDL Payments Bank.
cityfalcon.com·3d ago
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