The stock made a low of ₹1,193.35 on Wednesday – the lowest since December 2023 – before rebounding to close at ₹1,216.55, down 1.4% over the previous day’s close.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative