After RBI embargo on Payments Bank, Paytm stock crashes by nearly 12%
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As expected the Reserve Bank Of India’s embargo on Paytm Payments Bank has had a ripple effect on the One 97 Communications stock price. The parent company of fintech giant Paytm saw its share price drop by another 13% in the early hours of trading on Monday. Paytm was trading at INR 689.55 at 10:48 AM, after closing last week at INR 774.80 on Friday, March 11.