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The Times of India
The Times of India
Business
TOI Business Desk | TIMESOFINDIA.COM

Sensex, Nifty cut Paytm daily trading limits to 10% after stock rout

Paytm NSE RBI BSE National Stock Exchange India KYC

India's prime stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), have halved the daily trading limit for shares of digital payments giant Paytm. Effective Monday, the new cap is set at 10%, down from the prior 20%. This decision trails a staggering $2 billion plunge in Paytm's valuation, triggered by intensified regulatory scrutiny over the company's banking arm.

Regulatory crackdown

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