PayTm envisages to expand higher ticket sizePAYTM - 408 Change: 19.40 (5.00 %)
News: In an exchange filing, PayTm has informed that it envisages to expand higher ticket size personal loans and merchant loans in partnership with NBFCs and banks. Small ticket loan products including PayTm postpaid (comprising ~75% of less than Rs50000 loans) are to be calibrated, amid recent increase in risk weight by the central bank. Further, expansion of partnership continues with integration of 1 large bank and 2 large NBFCs in next 2 quarters.
Views: Calibration of small ticket loans and shift towards higher ticket personal and MSME loans showcases caution of partners post increase in risk weights. This move is expected to impact business momentum in the near term and thus could keep stock under pressure.