India’s Paytm tumbles in pre-open trade on plan to curtail low-value personal loans

BENGALURU (Reuters) – Shares of India’s Paytm plunged 10.4% in pre-open trade on Thursday, a day after the digital payments firm said it will issue fewer sub-50,000-rupee (about $600) personal loans, weeks after the central bank tightened rules on consumer lending.

(Reporting by Rama Venkat in Bengaluru; Editing by Mrigank Dhaniwala)

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism