Paytm Shares Slide After RBI Cancels Payments Bank Licence!

Shares of One97 Communications, the parent firm of Paytm, witnessed a sharp decline on Monday following the cancellation of Paytm Payments Bank’s licence by the Reserve Bank of India. During early trading, the stock plunged over 8 percent, reflecting investor concerns over regulatory developments.

The share price dropped to ₹1,051.10 on the NSE, marking a fall of around 8.38 percent, while a similar decline was seen on the Sensex. However, the stock later recovered partially and was trading at ₹1,127.85, down by about 1 percent as of 1:30 PM. Despite the regulatory setback, the company clarified in its exchange filing that the cancellation of the payments bank licence would not have any material financial impact on its overall business operations.