![]() Paytm President and Chief Operating Officer Bhavesh Gupta said the company's merchant loan portfolio is. Livemint tops charts as the fastest growing news website in the world □ Click here to know more. New Delhi, Dec 6 (PTI) Fintech firm One97 Communications, which operates in the name of the Paytm brand, will focus on high-ticket loans and go slow on loans that are less than Rs 50,000, a senior company official said on Wednesday. We advise investors to check with certified experts before taking any investment decisions. These do not represent the views of Mint. In terms of the top-line front, Paytm's revenue from operations stood at ₹2,334.5 crore in Q4FY23, registering a growth of 51.5 per cent from ₹1,540.9 crore in Q4FY22 and up by 13.2 per cent from ₹2,062.2 crore.ĭisclaimer: The views and recommendations given in this article are those of individual analysts. The Board of Control for Cricket in India (BCCI) on Wednesday announced the schedule for the upcoming Paytm Australia and South Africas tour of India. Paytm had posted a loss of ₹392 crore in December 2022 quarter. The performance was aided by an increase in GMV, higher merchant subscription revenues, growth of loans disbursed, and full years’ UPI incentives reported during the quarter. Happy Shopping! Bagadia advised positional investors to avoid taking any fresh position at current levels and suggested fresh buying only above ₹900 apiece levels.Īnuj Gupta of IIFL Securities said that Paytm share price may go up to ₹1,000 per share levels once the stock picks up next leg of fresh rally.įintech giant, Paytm's consolidated net loss narrowed sharply to ₹168.4 crore in the fourth quarter of FY23, compared to a loss of ₹761.4 crore in Q4 of the previous year. The #MahaBazaar is now LIVE! Avail great offers on a wide range of products. Sapphire Foods Indias public issue will be entirely an offer of sale (OFS) of 17,569,941 equity shares by promoters and existing. Paytm further tweeted as saying,"The #MahaBazaar is now LIVE! Avail great offers on a wide range of products. On Wednesday, Paytm raised Rs 8,235 crore from anchor investors. Paytm is based in New Delhi-NCR and is owned by mobile internet firm One97 Communications. This is in line with our vision to position ourselves in the Indian consumer's mind as the one-stop destination for value-driven online shopping,” Paytm vice president Saurabh Vashishtha said in a statement. ![]() On an analyst call Wednesday, Paytm president and chief operating officer said 'recent macro development and regulatory guidance' as well as dialogue with. "Diwali is the biggest shopping season in India and the special offers on Paytm will add further delight to this year’s celebrations.We believe that we will deliver a great experience to our consumers and sellers this Diwali. Paytm said Wednesday that it was getting 'ultra conservative' and will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high creditworthy customers. ![]() ![]() Shop & get a chance to win an iPhone every hour: /WdDGYZ8IpZ On the other hand, 29 per cent users said they. At least 66 per cent users complained they were unable to make payments. The non-bank lender said on Wednesday it will go slow on sub-50,000-rupee (about 600) loans but expand its portfolio of high-ticket personal and commercial loans. ![]() Shop & get a chance to win an iPhone every hour."Īll the best offers in town are at #MahaBazaar today. Paytm Outage: DownDetector received 611 reports by the users till 10 am. Paytm tweeted as saying," All the best offers in town are at #MahaBazaar today. Paytm dropped 20 on Thursday before recovering slightly after the Indian financial services firm announced plans to issue fewer personal loans under 50,000 Indian rupees (600), a move that has already started to rattle many fintech investors. ![]()
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