Paytm, India's digital payments giant, faces a turbulent ride as its stock plunges 36% since its troubled market debut in November 2021. Hindered by intense competition and regulatory issues, the company's value has plummeted by $2 billion in two days. The Reserve Bank of India's recent crackdown on Paytm Payments Bank, prohibiting certain services due to "persistent non-compliances," further fueled the crisis. Paytm, once a financial success story, now grapples with a reputational risk that clouds its future business performance.