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Home - Business - Paytm stock jumps 6% as RBI lifts ban on merchant onboarding

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Paytm stock jumps 6% as RBI lifts ban on merchant onboarding

Topnewsplus2 months ago02 mins
Paytm stock jumps 6% as RBI lifts ban on merchant onboarding

Paytm Shares Today: Shares of One97 Communications, better known as Paytm’s parent company, leapt as much as 6 per cent to Rs 1,186 in early trade following a pivotal nod from the Reserve Bank of India (RBI). The approval allows its subsidiary, Paytm Payments Services Ltd (PPSL), to resume onboarding merchants after being barred from doing so since November 2022.

The RBI’s in-principle approval, while a welcome catalyst, comes with conditions. PPSL must conduct a full system audit, including a cybersecurity check, and furnish the report within six months—or risk having the nod invalidated.

Paytm Q1: Profit Milestone Bolsters Sentiment

Adding to the upbeat mood, Paytm recently posted its first operational profit for Q1 FY26 — Rs 123 crore, a sharp turnaround from a Rs 839 crore loss a year ago. This came on the back of a 28 per cent rise in revenue (Rs 1,918 crore) and an EBITDA of Rs 72 crore, aided by tighter cost controls and higher operational leverage.

At around 11:24 a.m., One97’s stock was trading at Rs 1,175, up nearly 5 per cent on the NSE. Its shares have gained over 17 per cent in the last month, reflecting renewed investor confidence.

 

 

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Tagged: #Paytm #BrokerageFirm #JPMorgan Business News fintech stock rally Markets News One97 Communications share price Paytm EBITDA Q1 Paytm fintech rights Paytm merchant growth Paytm onboarding merchants Paytm Q1 FY26 profit paytm Q1 result Paytm RBI approval paytm share analysis Paytm stock jump Paytm turnaround story Zee Business

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