Recently, the Reserve Bank of India has banned Paytm Payments Bank for adding new customers while removing restrictions on HDFC Bank.
The impact of these decisions of the Reserve Bank can now be seen on the shares of Paytm and HDFC Bank.
The impact of the decisions of the Reserve Bank of India (RBI) is visible on the shares of Paytm and HDFC Bank. Shares of Paytm’s parent company One 97 Communications registered a further fall on Monday, while HDFC Bank’s stocks are seeing a rise.
Let us tell you that recently RBI stopped Paytm Payments Bank from adding new customers. Simultaneously, the bank has also been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT systems.
Since then, the shares of One97 Communications have been seeing a decline. Shares of Paytm were down by Rs 80.85 or 10.43 per cent at Rs 693.95 at 2.20 pm on BSE. Its previous close was at Rs 774.80 and on Monday it opened down at Rs 684.00.
After this it went up to a high of Rs 719.20 and also touched a low of Rs 672.10. At the same time, the stock fell 10.78 percent on NSE too. At the same time it was at Rs 691.50.
At the same time, recently the Reserve Bank of India decided to remove the restrictions imposed on HDFC Bank, after which the shares of HDFC Bank saw a rise on Monday. HDFC Bank was found trading on the top in the BSE index Sensex at 2.32 pm.
LTP of HDFC Bank Share was Rs 1443.00, showing a rise of 3.29 per cent. HDFC Bank was also at the top of the list of top-5 gainers in the NSE Nifty index.
Significantly, on Monday, there has been a rise in the Indian stock market. At the time of writing, the Sensex was trading at 56,455.28, up 904.98 points or 1.63 per cent, while the Nifty was up 235.85 points or 1.42 per cent at 16,866.30.
