In recent past few days One97 faces a severe crash in stocks. several reason struck in mind of an analyst. some of are listed down below. <\/p>\n\n\n\n
On January 31,2024 the reserve bank of india barred paytm payments bank limited from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, FASTags and nvmv card after February 29, 2024, due to ongoing non compliance and material supervisory concerns.<\/p>\n\n\n\n
One97 communications limited is the parent company of paytm, a digital payments and financial services company that was launched by sharma in 2010. In novmber 2021, paytm went public raising $2.5bn at a valuation of $ 19bn, making it india\u2019s largest initial public offering at that time.<\/p>\n\n\n\n
The RBI had ordered paytm payments bank limited, a restricted bank that can take deposit but cannot lend, to not take deposits or conduct credit transactions or carry out top-ups on any customers accounts, prepaid instruments, wallets, cards for paying road tolls after feb29.<\/p>\n\n\n\n
The future of paytm payment bank ltd. Remains uncertains as the reserve bank of india(RBI) invokes section 35A of the banking regulation act to address persistent non-compliances and supervisory concerns within the institution.<\/p>\n\n\n\n
Despite paytm\u2019s stock performance being down from its IPO price, its soundbox & high margin lending business are expected to drive momentum for next 3-4 quarters. Experts predict positive outlook, anticipating upside risks to consensus estimates.<\/p>\n\n\n\n
Paytm\u2019s arm came under the scanner of the financial crime-fighting agency on suspicion of violation of foreign exchange rules. The ED has begun a probe into one97 communications aka paytm on suspicion of violation of foreign exchange rules, according to a reuters report published earlier in the month.<\/p>\n\n\n\n
Paytm share price today: shares of one97 communications, the parent company of paytm, dropped 5% after officials from the directorate of enforcement questioned paytm payments bank officials regarding alleged violations of FEMA. Paytm has lost 57% of its value since the RBI imposed a ban on the paytm payments bank.<\/p>\n\n\n\n
The company has suffered a setback due to its negligence in maintain transparency while questioning its ethics in running the business. Brand value has taken a dip and customer trust is shattered, there is a state of crisis and confusion about what to do? It\u2019s like panic buying due to sudden crisis.<\/p>\n\n\n\n
Paytm\u2019s counter has been under tremendous pressure since the RBI announced restrictions on paytm payments operations amid persistent non-compliances and continued material cupervisory concerns.<\/p>\n\n\n\n
The biggest dip in paytm\u2019s share price came after the reserve bank of india initiated strict regulatory action against paytm payments bank, citing persistent non-compliance. RBI has ordered the paytm payments bank to stop some of its key operations from march 1, creating panic among paytm users and investors.<\/p>\n","protected":false},"excerpt":{"rendered":"
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