New Delhi: India's stock exchanges have cut the daily share trading limits for digital payments firm Paytm to 10 percent, from 20 percent, after a $2 billion rout in the stock following a regulatory crackdown on the company's banking unit.


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The new 10 percent limits will be applicable from Monday, the Bombay Stock Exchange and the National Stock Exchange said on their websites. (Also Read: Chennai Metro Joins ONDC, First To Do So; Check What New It Brings)


The Indian central bank told Paytm's banking unit earlier this week to stop accepting fresh deposits in its accounts or popular wallets from March, a move that has far-reaching consequences for how the country's most popular digital payments app Paytm - which relies on the bank - operates. (Also Read: BLS-E services IPO Allotment: Here's How To Check Allotment Status In Few Clicks)


Paytm's market value crashed to $3.7 billion after it lost $2 billion on Mumbai bourses this week, with the stock losing 20 percent - its daily maximum at that time - on both Thursday and Friday.