News > Paytm shares: Jefferies says RBI restriction to have collateral impact on lending biz

Paytm shares: Jefferies says RBI restriction to have collateral impact on lending biz

Jefferies in its latest flash note on One 97 Communications Ltd (Paytm) could see a collateral impact on lending business, which accounts for 20% of revenues, if Paytm's lending partners limit business due to operational or governance risks, following the RBI's strong statement and imposing of restrictions on Paytm's payment bank due to non-compliance. This can be a key risk to earnings/ valuations and said it would await details from the management.