Paytm karo, ya naa karo! After a more than 40% crash in the stock price, it is natural to see broking firms rushing to downgrade Paytm. The shares plummeted after the Reserve Bank of India (RBI) directed Paytm Payments Bank (PPBL) to stop deposits or credit transactions and top-ups in any customer account post February 29, 2024. Brokerages feel the reputational damage on Paytm will be difficult to manage and revoking RBI measures will not be… [full article]
