Paytm Fall News Today

Paytm, the Indian digital payments startup whose stock has slumped 71% since its November market debut, had its price target cut further by a Macquarie Capital Securities (India) Pvt. analyst who was early to predict the company's troubles.

Lack of clarity about its business model, increasing competition and the recent RBI directive banning it from adding new customers to the payments bank have hit the firm hard