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Shares of One 97 Communications, parent of fintech giant Paytm, were locked in the 20 per cent lower circuit for the second straight day at Rs 487.05 on the BSE in Friday's trade after the Reserve Bank of India (RBI) halted nearly all transactions of its digital payment unit Paytm Payments Bank (PPBL).
The RBI has restricted PPBL from taking fresh deposits and credit transactions across its services due to non-compliance of regulations and supervisory concerns.
Paytm expects an impact on its annual earnings before interest, taxes, depreciation and amortisation (Ebitda) in the range between Rs 300 and
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