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    Paytm to go slow on small ticket loans, will it affect its growth prospects?

    The company currently has seven partners from the nonbanking fiancé companies (NBFC) sector for loan distribution.

    Synopsis

    On Wednesday, the company announced that it would reduce the exposure to the loans with ticket size less than Rs 50,000 against the backdrop of the RBI’s regulatory guidelines to curb on consumer lending. Loans with this ticket size formed around 72% of the postpaid bucket in October and November 2023 compared with over 80% in the March 2023 quarter.

    ET Intelligence Group: Analysts have reduced the revenue and operating profit growth estimates of One 97 Communications by 10-15% for the current and the next fiscal years after the owner of financial services platform Paytm said it would cut exposure to the postpaid loan segment. The decision is likely to slow down the growth rate of its personal loan segment in the short term. In a strong reaction to the development, the stock fell by as much
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    The Economic Times