Paytm Rallies After RBI Wallet Approval

Paytm shares surged 8.6% to end at ₹1,945 after receiving in-principle authorisation from the RBI to issue prepaid payment instruments. The fintech company's net profit surged 10.7X year-on-year to ₹225 Cr in Q2 FY27, while operating revenue grew 28% YoY. PPSL must fulfil RBI conditions and secure final authorisation before commencing operations.