India’s Paytm shares slump to record low following downgrade

India’s Paytm shares slump to record low following downgrade

Shares of Indian digital payments company Paytm slumped to a record low below 390 rupees. This came after brokerage Macquarie downgraded the stock, which follows India's central bank ordering Paytm to halt a large part of its business by the end of this month. Rebecca Bundhun reports from Mumbai.

February 13, 2024 4

World

India orders halt to much of Paytm’s business

India's central bank has ordered Paytm Payments Bank - one of the leaders in the country's digital payments space - to halt a large part of its business. Indian regulators cited persistent non-compliance. Rebecca Bundhun reports from Mumbai.

February 1, 2024 29