<p>New Delhi: The shares of One97 Communications Ltd, the parent company of <a href="https://www.deccanherald.com/tags/paytm">Paytm</a>, fell over 9 per cent on Thursday morning, after a <a href="https://www.deccanherald.com/business/markets/paytm-shares-rebound-after-three-days-of-heavy-fall-2881731">two-day rally</a> in the stock fizzled out.</p><p>Despite a firm beginning, the stock tanked 9.41 per cent to Rs 450 on the BSE. At the NSE, it plunged 9.31 per cent to Rs 450.</p><p>The stock price of One97 Communications Ltd climbed 10 per cent on Wednesday and had rebounded over 3 per cent on Tuesday after three days of sharp fall.</p>.RBI crackdown on Paytm spooks retailers; Walmart, Google swoop in.<p>From February 1-5 (three days of trading), the company's stock tumbled over 42 per cent, wiping out Rs 20,471.25 crore from its market valuation, following the Reserve Ban of India's crackdown.</p><p>Last week, the RBI ordered Paytm Payments Bank Ltd, a restricted bank that can take deposits but cannot lend, to not take any further deposits or conduct credit transactions or carry out top-ups on any customers accounts, prepaid instruments, wallets, and cards for paying road tolls after February 29.</p><p>Paytm Payments Bank Ltd (PPBL) is an associate of One97 Communications Ltd.</p><p>One97 Communications holds 49 per cent of the paid-up share capital (directly and through its subsidiary) of PPBL. Founder Vijay Shekhar Sharma has a 51 per cent stake in the bank.</p>
<p>New Delhi: The shares of One97 Communications Ltd, the parent company of <a href="https://www.deccanherald.com/tags/paytm">Paytm</a>, fell over 9 per cent on Thursday morning, after a <a href="https://www.deccanherald.com/business/markets/paytm-shares-rebound-after-three-days-of-heavy-fall-2881731">two-day rally</a> in the stock fizzled out.</p><p>Despite a firm beginning, the stock tanked 9.41 per cent to Rs 450 on the BSE. At the NSE, it plunged 9.31 per cent to Rs 450.</p><p>The stock price of One97 Communications Ltd climbed 10 per cent on Wednesday and had rebounded over 3 per cent on Tuesday after three days of sharp fall.</p>.RBI crackdown on Paytm spooks retailers; Walmart, Google swoop in.<p>From February 1-5 (three days of trading), the company's stock tumbled over 42 per cent, wiping out Rs 20,471.25 crore from its market valuation, following the Reserve Ban of India's crackdown.</p><p>Last week, the RBI ordered Paytm Payments Bank Ltd, a restricted bank that can take deposits but cannot lend, to not take any further deposits or conduct credit transactions or carry out top-ups on any customers accounts, prepaid instruments, wallets, and cards for paying road tolls after February 29.</p><p>Paytm Payments Bank Ltd (PPBL) is an associate of One97 Communications Ltd.</p><p>One97 Communications holds 49 per cent of the paid-up share capital (directly and through its subsidiary) of PPBL. Founder Vijay Shekhar Sharma has a 51 per cent stake in the bank.</p>