RBI Action on paytm
On Wednesday RBI revoked the licence of Paytm for its banking operation. Paytm had been consistently violating RBI guidelines and had been warned earlier. After the cancellation of licence, the share price of Paytm had dropped by 20%. the very next day. The price of paytm share will go down further. On Thursday price closed at RS609. Share of Paytm has been downgraded upto Rs400.
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