Paytm Share: Paytm was listed on the stock market on 18 November 2021. The stock has fallen 68 per cent since the IPO.

India’s leading digital payment app Paytm-owned Paytm Payments Bank was banned by the RBI from making new customers while acting a few days ago. After this news, there was pressure on Paytm’s stock today. The company’s stock fell more than 12 per cent in a day, while the Sensex gained 932 points during this period.

The fall due to the news: Paytm Payment Bank, a unit of Paytm, was banned by the RBI from making new customers while taking action a few days ago. On this ban, Bloomberg reported quoting sources that the ban has been imposed by RBI for sending data abroad from the company’s servers and not doing KYC of customers properly.

The report further said that the Reserve Bank of India in its annual survey found that some Chinese companies were sharing customer data from the company’s servers. These Chinese companies have an indirect stake in Paytm. At the end of the report, non-compliance of KYC of customers on Paytm was also linked to money laundering.

After which Paytm Payments Bank issued an earnest statement on Twitter saying that recently there has been a Bloomberg report which claims to have leaked data to Chinese companies. It is false and sensationalist. Paytm Payments Bank is proud to be a fully domestic bank that is fully compliant with RBI’s directives on data localization. All bank data resides in India.

68 percent loss to directors: Paytm’s IPO came in November 2021. In the IPO, the share price of the company was kept at Rs 2150, but on November 18, along with the listing, the share price of the company fell by 25 percent, which has increased to 68 percent today. In this way, if you had invested Rs 100 on Paytm’s stock at the time of IPO, today it has come down to Rs 32.