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Paytm Removed From MSCI India Index Amid Declining Market Cap, PB Fintech Added

Paytm's parent company, One 97 Communications, has been removed from the MSCI India Index after its market capitalization dropped by over half to $2.6 billion. This comes following the RBI's regulatory crackdown on Paytm Payments Bank. Meanwhile, PB Fintech, the parent company of Policybazaar, has seen an increase of 60% in market valuation so far this year and has been added to the MSCI India Index. Paytm has also been added to the MSCI India Domestic Small Cap Index, reflecting changes in its market capitalization.

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