Paytm crisis: PPBL transition to other banks to be ‘smooth’, long-term impact minimal, expects Bernstein

Paytm crisis: Bernstein assumes a reasonably smooth transition in Paytm’s partnership from Paytm Payments Bank to other bank(s) including acquisition of required licenses (e.g. TPAP for UPI) and therefore expects a limited long-term impact. Shares of the crisis stricken fintech rebounded on Tuesday after ​analysts highlighted value in its core business.