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Paytm stock fully recovers from RBI ban, gains 11% to Rs 762

  • Shares of One 97 Communications Ltd., the parent company of fintech platform Paytm, surged more than 11% to Rs 762.20 on Tuesday, marking a complete recovery from January's regulatory crackdown.
  • RBI’s directive forced the company to cease onboarding new UPI customers and froze key payment services, dealing a significant blow to its market position.
  • However, with yesterday’s approval from the National Payments Corporation of India (NPCI) to resume UPI registrations, Paytm has regained one of its core growth levers.
  • Paytm is now betting on its First Loss Default Guarantee (FLDG) lending model to drive future growth, aiming to scale lending partnerships and boost profitability.

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