Paytm's stock fell ~20% after the company announced plans to issue fewer personal loans under ~$600 to comply with the Reserve Bank of India's tightening rules
TechCrunch Manish Singh
Related Coverage
- View article PYMNTS.com
- Paytm Dives as Plan to Reduce Smaller Loans Seen Hitting Profit Bloomberg
- Update on Loan Distribution Business Paytm Investor Relations
- View article Reuters
- Paytm shares tank 20% after company looks to curtail low-value personal loans The Economic Times
- Paytm Slumps To A 7-Month Low, Brokerages Cut Price Targets After Postpaid Loan Scale Down Inc42 Media
- Paytm shares updates on loan distribution business; key takeaways Business Today
- Paytm shares price today: Stock hits lower circuit as company scales down small-ticket loan business ET NOW
- Analysts raise concerns after Paytm decided to bring down the level of unsecured loans under Rs 50,000 in a calibrated manner. BloombergQuint
- Paytm hits 20% lower circuit on brokerage downgrades as company decides to cut down on small ticket loans Livemint
- Paytm Shares Nosedive 20% After It Scales Down Postpaid Loan Biz Inc42 Media
- Paytm Scales Down Postpaid Loan Business, To Focus On Big-Ticket Personal Loans Inc42 Media
- India's Paytm tumbles on plan to curtail low-value personal loans Reuters
- Indian banks ask fintech partners to limit tiny personal loans amid regulatory glare -sources Reuters
Discussion
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@thesuranaverse
Subham Surana
on x
#PAYTM down 20% and hit a lower circuit at 650 after many top brokerage firms downgraded & company announcement to cut back small loans after RBI tightened rules on consumer lending. This will lead to 40-50% drop in volume of company loans 📉 Do you hold any Paytm shares?? 🌚 [imag…
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@bqprime
@bqprime
on x
#Paytm has 11 lakh shares change hands in a large trade. Read latest #stockmarket updates: https://www.bqprime.com/... [image]
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@ettech
@ettech
on x
.@Paytm shares tank 20% after company looks to curtail low-value #personal loans It will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high-credit-worthy customers. https://economictimes.indiatimes.com/ ...