{"id":1278710,"date":"2024-02-07T15:48:05","date_gmt":"2024-02-07T10:18:05","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1278710"},"modified":"2024-02-07T16:25:39","modified_gmt":"2024-02-07T10:55:39","slug":"paytm-share-price-increase-10-after-founder-meets-finance-minister-to-diffuse-the-situation","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/paytm-share-price-increase-10-after-founder-meets-finance-minister-to-diffuse-the-situation\/","title":{"rendered":"Paytm Share Price Increase 10% After Founder Meets Finance Minister To Diffuse The Situation"},"content":{"rendered":"\n<p>Beleaguered fintech Paytm&#8217;s battered stock witnessed sharp 10% intra-day gains a day after founder Vijay Shekhar Sharma met banking regulator RBI and Finance Minister Nirmala Sitharaman even as regulatory easing hopes dimmed. Media reports indicate the banking regulator refused budging from its directive to shutter customer onboarding and credit lines for Paytm Payments Bank.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-1280x720-2-1-1024x576.jpeg\" alt=\"Paytm Share Price Increase 10% After Founder Meets Finance Minister To Diffuse The Situation\" class=\"wp-image-1278716\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-1280x720-2-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-1280x720-2-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-1280x720-2-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-1280x720-2-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The stock had <a href=\"https:\/\/www.hindustantimes.com\/business\/paytm-share-price-today-february-7-2024-vijay-shekhar-sharma-ceo-meeting-nirmala-sitharaman-rbi-101707279081501.html\">tanked<\/a> over 40% in three sessions since the RBI order roiled markets on operational viability concerns before Tuesday&#8217;s mild recovery and further upside on Wednesday as investors hunted for bottom. However analysts divided whether meaningful fundamentals change help challenging prevailing negative sentiment currently.<\/p>\n\n\n\n<p><strong>Migrating 300 Million Accounts Biggest Challenge<\/strong><\/p>\n\n\n\n<p>Share value gains came despite RBI declining Paytm any relaxation on the February 28 compliance deadline or additional time for managing transitions with the firm slated migrating 300 million plus accounts. Instead the regulator asked for faster wrap-ups increasing pressure to meet cut-offs.<\/p>\n\n\n\n<p>Global brokerage Bernstein however feels company&#8217;s execution abilities help it overcome the turmoil though near-term uncertainties persist. It maintained a 12-month price target of \u20b9950 on stock with &#8216;outperform&#8217; rating citing high risks still limiting wider positive view.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beleaguered fintech Paytm&#8217;s battered stock witnessed sharp 10% intra-day gains a day after founder Vijay Shekhar Sharma met banking regulator RBI and Finance Minister Nirmala Sitharaman even as regulatory easing hopes dimmed. Media reports indicate the banking regulator refused budging from its directive to shutter customer onboarding and credit lines for Paytm Payments Bank. The [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1278716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[765],"class_list":["post-1278710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-paytm"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paytm Share Price Increase 10% After Founder Meets Finance Minister To Diffuse The Situation - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/paytm-share-price-increase-10-after-founder-meets-finance-minister-to-diffuse-the-situation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paytm Share Price Increase 10% After Founder Meets Finance Minister To Diffuse The Situation - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Beleaguered fintech Paytm&#8217;s battered stock witnessed sharp 10% intra-day gains a day after founder Vijay Shekhar Sharma met banking regulator RBI and Finance Minister Nirmala Sitharaman even as regulatory easing hopes dimmed. 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