Chronology logic left the chat .
The fall is due to irregularities and despite repeated warnings Paytm not taking action and then RBI had to take action . This news comes in later
@Seeker181 spot on.
Some people are so blinded by their biases that they just can't see who's at fault in this entire episode.
Helps when you own the government
M@d! has sold the nation to Ambani and Adani. When Congress did it we called it a scam. When BJP does it we call is social service and growth story.
Ambu talking to RBI Governor:
Ambu - Bro Paytm has high market cap, I don't want to spend that high on acquiring them. Can you help?
RBI Governor - Don't worry bruh, let me try to get you a discount on the market cap
Ambu - Bro itna bhi discount nahi chahiye tha, but thanks
Misleading, as RBI actually put restrictions on sale as well.
https://www.ndtvprofit.com/business/paytm-parent-cannot-sell-wallet-business-heres-why
Pls Don't kill me for this. I like Paytm over other apps. It works as a single point for everything I need, be it UPI, CC payment, movies, events, travel, investment and what not.
Is AI to be blamed for this or their Paytm Bank Ban? I l...
Just went through RBI's note and developments as per major news houses, so Paytm would no longer be an app which used to be in almost every indian's phone march onwards. such a downfall of a firm who enjoyed their best time post covid.
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Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?
PAYTM Payments Bank essentially asked to shut shop.
Afaik here are the few implications
That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.
This is eerily reminiscent of Razorpay debacle. Something similar has even happened to AmEx at some point in India. ...
Very bad. This was my everyday bank account for small transactions. Easy to remember account number also
