Paytm share price crashes 8% after RBI cancels Paytm Payments Bank License — Should you buy, sell or hold?

Shares of One97 Communications, parent of fintech Paytm, tumbled as much as 8% in early trade on Monday, 27 April, after the Reserve Bank of India (RBI) cancelled the license of Paytm Payments Bank Ltd (PPBL), more than two years after restricting its core business activities.

Paytm share price hit the day’s low of ₹1055.25 on the BSE, erasing nearly ₹6,000 crore from investor wealth as its market capitalisation tumbled close to ₹67,500 crore, as against Friday’s close of ₹73,427 crore.