Paytm Hits 20% Lower Circuit on Plans to Cut Back Small Loans

Paytm shares plunged 20% on the Bombay Stock Exchange (BSE) on Thursday, December 7, 2023, after the company announced plans to reduce its focus on small loans. This move comes as the company faces increased competition from traditional lenders and rising interest rates. Paytm’s small loan business has been a key growth driver for the … Read more