Mumbai/IBNS, Jan. 23 -- Shares of One97 Communications, the parent company of Paytm, fell 10 per cent on Friday to hit a three-month low, media reports said.

Analysts cite concerns around the Payment Infrastructure Development Fund (PIDF) as a potential reason behind the fall.

The scheme, introduced by the Reserve Bank of India (RBI), incentivizes the deployment of digital payment infrastructure and was extended until December 2025.

There is currently no update on whether the fund will be further extended.

Published by HT Digital Content Services with permission from India Blooms....