Paytm shares crash 20% after RBI damages reputation, brokers downgrade

Shares of One 97 Communications or Paytm today crashed 20% to hit the lower circuit at Rs 608.80 on BSE as investors started dumping the new-age stock after RBI asked Paytm Payments Bank to stop new credit and deposit operations, top-ups, fund transfers, and other such banking operations by February-end.