Tuesday, 13 February, 2024
Macquarie Cuts Paytm Valuation to Rs.275 RBI Review
Macquarie, an investment group, downgraded Paytm's valuation to Rs. 275 in response to RBI regulatory worries. The impact of recent regulatory crackdowns on the market valuation of the fintech giant is reflected in this decision. Paytm is having trouble staying compliant with regulations and retaining investor confidence in the face of growing scrutiny. The action taken by Macquarie highlights how the fintech industry in India is changing and what it can mean for big players like Paytm.