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Acquisition by bank or NBFC best outcome for Paytm: Bernstein
short by Mansi Agarwal / on Tuesday, 20 August, 2024
Brokerage firm Bernstein said getting acquired by a bank or a non-banking financial company (NBFC) will be the best outcome for Paytm. A large investment from a major house could also help the fintech firm revive faster, Bernstein stated. Paytm-parent One97 Communications' business was affected earlier this year after RBI's actions against Paytm Payments Bank.
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