India, Feb. 19 -- Paytm shares gained 5 per cent hitting the upper circuit for the second straight session today. This comes as the crisis-hit company partnered with Axis Bank for the settlement of merchant payments. At 9:16 am, the stock was trading at Rs.358.35 on the NSE. In the previous session, Paytm shares ended at 5% upper circuit at Rs.341.30 on the NSE. In one month, the stock has tanked 55 per cent.

Paytm's parent company- One97 Communications- shifted its nodal account to Axis Bank through an escrow account. The company said that it will continue to operate for all its merchant partners as well.

The Reserve Bank of India (RBI) extended the deadline to halt operations and for Paytm Payments Bank account holders to move their a...