India's payments platform Paytm slumps 20% to extend losses, Morgan Stanley and JP Morgan slash price targets: - www.deekpay.com

　　According to a report by Titanium App, Indian payments platform Paytm has faced a sharp fall in its share price due to regulatory uncertainty and a directive from the RBI (Reserve Bank of India). Here are a few key points from the report:

　　1. **Shares down** : Paytm's shares slumped 20% on Friday, touching their lowest level since December 2022, after a similar fall in the previous session.

　　2. **RATINGS AND TARGET PRICE DOWNGRADINGS**: JP Morgan has downgraded Paytm from Hold to Reduce and slashed its target price by 33% to Rs 600. Morgan Stanley, on the other hand, slashed its target price by 201 TP3T to Rs 555, but maintained a hold and watch rating.

　　3. **Regulatory Issues** : The Reserve Bank of India on Wednesday ordered Paytm Payments Bank to stop its mobile wallet operations as well as other activities due to ongoing non-compliance and regulatory issues with the company.

　　This information reflects the importance of the regulatory environment for fintech companies and the significant impact that compliance issues can have on a company's share price and business.