{"id":17867,"date":"2024-02-19T17:15:47","date_gmt":"2024-02-19T11:45:47","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=17867"},"modified":"2024-02-19T17:15:47","modified_gmt":"2024-02-19T11:45:47","slug":"paytm-stock-rises-on-partnership-with-axis-bank","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/paytm-stock-rises-on-partnership-with-axis-bank\/","title":{"rendered":"Paytm Stock Grows 5% on Axis Bank Partnership, RBI Deadline Extension"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/paytm-stock-rises-on-partnership-with-axis-bank\/#Paytm_Stock_Jumps\" title=\"Paytm Stock Jumps:\">Paytm Stock Jumps:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/paytm-stock-rises-on-partnership-with-axis-bank\/#Axis_Bank_Partnership\" title=\"Axis Bank Partnership:\">Axis Bank Partnership:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/paytm-stock-rises-on-partnership-with-axis-bank\/#What_are_the_thoughts_of_analysts\" title=\"What are the thoughts of analysts?\">What are the thoughts of analysts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/paytm-stock-rises-on-partnership-with-axis-bank\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Paytm_Stock_Jumps\"><\/span><strong>Paytm Stock Jumps:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Paytm, a leading Indian mobile payment and financial services company, has recently witnessed a positive movement in its shares for the second consecutive day.<\/p>\n<p><em>The shares have soared by 5% and hit the upper circuit on the NSE today<\/em>. This promising movement can be attributed to two key developments that have taken place recently.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Axis_Bank_Partnership\"><\/span><strong>Axis Bank Partnership:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Firstly, One97 Communications, the parent company of <strong><a href=\"https:\/\/univest.in\/blogs\/paytm-stock-bounce-back\/\">Paytm<\/a><\/strong>, has entered into a new partnership with Axis Bank for merchant payment settlement. As part of this partnership, the nodal account for merchant transactions has been shifted to Axis Bank through an escrow arrangement.<\/p>\n<p>This strategic move ensures the smooth operations of Paytm&#8217;s merchant network, independent of Paytm Payments Bank.<\/p>\n<p>Secondly, the Reserve Bank of India (RBI) has extended the deadline for Paytm Payments Bank account holders (both customers and merchants) to shift their funds and find alternative banks until March 15, 2024.<\/p>\n<p>This extension provides temporary relief for Paytm as it navigates the ongoing regulatory challenges.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_thoughts_of_analysts\"><\/span><strong>What are the thoughts of analysts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Despite some positive developments, the overall analyst consensus on Paytm stocks is mixed. While the company recently announced a partnership with Axis Bank and received an extension from the <strong><a href=\"https:\/\/univest.in\/blogs\/paytm-shares-plunges-to-hit-lower-circuit\/\">Reserve Bank of India<\/a><\/strong> (RBI) for the deadline to comply with new account regulations, concerns remain regarding potential business disruptions and uncertainties surrounding bank partnerships.<\/p>\n<p><em>Citi has maintained a &#8220;sell&#8221; recommendation on <strong><a href=\"https:\/\/univest.in\/stocks\/paytm\/one97-communications-ltd-share-price-today\">Paytm stocks<\/a><\/strong>, citing these uncertainties as well as potential risks associated with the shift to new bank accounts.<\/em><\/p>\n<p><em>Meanwhile, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Jefferies_Group\" rel=\"nofollow noopener\" target=\"_blank\">Jefferies<\/a> India has downgraded Paytm to &#8220;not rated&#8221; due to ongoing news flow and revised financial projections.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Considering these factors, it&#8217;s important for investors to carefully evaluate the risks and potential rewards associated with investing in Paytm.<\/p>\n<p>While the recent developments offer some short-term relief, the company&#8217;s future remains uncertain.<\/p>\n<p><em>Therefore, it&#8217;s advisable to approach any investment decisions with caution and careful consideration of the available information.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paytm Stock Jumps: Paytm, a leading Indian mobile payment and financial services company, has recently witnessed a positive movement in its shares for the second consecutive day. The shares have soared by 5% and hit the upper circuit on the NSE today. This promising movement can be attributed to two key developments that have taken<\/p>\n","protected":false},"author":15,"featured_media":26913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-17867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"_last_editor_used_jetpack":["classic-editor"],"_edit_lock":["1708343009:13"],"_edit_last":["13"],"_thumbnail_id":["26913"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"post_views_count":["308"],"rank_math_seo_score":["78"],"rank_math_focus_keyword":["Paytm Stock,axis bank"],"rank_math_title":["Paytm Stock Rises 5% on Partnership with Axis Bank"],"rank_math_description":["Paytm stock surged after the RBI extended the deadline for its restrictions on Paytm Payments Bank and Paytm partnered with Axis Bank"],"rank_math_analytic_object_id":["568"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2024\/10\/18181930\/portfolio-3-2.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/17867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=17867"}],"version-history":[{"count":3,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/17867\/revisions"}],"predecessor-version":[{"id":17871,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/17867\/revisions\/17871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/26913"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=17867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=17867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=17867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}