IT - Technology

India's Paytm slumps over 8% after RBI cancels banking licence for its payments bank

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Shares of payment and financial ​services provider Paytm slumped as ‌much as 8.4%, the most in more than three months, on ​Monday after India's central ​bank on Friday cancelled the banking ⁠licence issued to Paytm Payments ​Bank Limited.

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