Shares of One 97 Communications Ltd, the parent of fintech firm Paytm, tumbled as much as 8.38% to ₹1,051.10 apiece in the morning trade on Monday. This comes after the Reserve Bank of India (RBI) cancelled the banking licence of Paytm Payments Bank. However, the stock recovered later, trading 0.93% lower at ₹1,136.70 at 1:00 pm on the NSE.