Paytm stock crashed and hit the lower circuit which was expected considering the RBI Restrictions On Paytm Payments Bank. Withdrawal or utilisation of balances by its customers from their accounts including savings bank accounts, current accounts, prepaid instruments, FASTags, National Common Mobility Cards, etc. The action against Paytm Payments Bank was taken under Section 35A of the Banking Regulation Act, 1949, the central bank added. Update: Paytm Payments Bank Limited, an associate of Paytm receives RBI directions. Read more here: https://t.co/NsPCOxp6VJ pic.twitter.com/fQjozyR11m — Paytm (@Paytm) January 31, 2024Remember Paytm Payment Bank is just one of the services offered by Paytm, this restriction has nothing to do with the other services offered by Paytm including Paytm Money.

Source: Indian Express February 01, 2024 14:35 UTC