Spoke with banking folks, and they confirm that it's not like PayTM was doing something that other banks also don't
They are doing something by firing CXOs ,😄
Stock's going down each day. They gotta do something.
Share will probably reach to 200-250 once they post their results. Same happened with Zomato it reached to 40 . Paytm will reach around 200 first the it will take 6-9 month to double tripple to 600-800.
RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.
RBI is one of the most stringent Central banks in the world...
Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?
I know a lot of people from startup community are coming out in support of VSS & Paytm. But they are happily ignoring the news & experts' words of caution. Look at what ex-RBI director has to say on the issue. IT WAS A DISASTER IN MAKING...
Was reading a thread where people were saying don't be in shock if Ambani/Reliance starts making move after RBI's action on Paytm. I initially thought it to be a meme. Now I am just curious.
Is the system really fair to allow such move...
And how is the system unfair? IF at all JioFin were to acquire Paytm's unit, there is nothing wrong, any busines...
