RBI Removes Paytm Payments Bank From List Of Scheduled Banks
One97 Communications is in focus.
· NDTV Profit
The RBI has formally removed Paytm Payments Bank from the list of scheduled banks after cancelling its banking licence over regulatory non-compliance.
The analysis
Against that, the stock is -4.3% on the day at ₹1,656.70, and has returned +34.8% over three months. It sits 10% below its 52-week high. The financial services sector has moved -7.2% over the same period, so One97 Communications is running 42.0 points ahead of its peers.
For One97 Communications, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is PAYTM.
- Sector exposure: Financial Services, Banks.
In this story
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