Banking & Finance

The grey market premium had already fallen from ₹145 to ₹38 while the book was open. The debut simply confirmed what that decline was signalling.

Finance costs rose faster than interest income, compressing the lender's spread. Net interest income grew about 15 per cent against revenue growth of 28.

It paid ₹59.25 crore for its full stake in 2016. The seller then was the state-owned IFCI, and the shares it sold are now worth about ₹1,470 crore.

Institutions bid more than twelve times over. Retail barely cleared its quota, and the grey market premium fell by two-thirds while the book was open.

The MD and CEO told the board he did not want another term and wanted his successor to start clean. The board says it will fast-track the search.

The company says the bulk of the round funds its sponsor commitment to a proposed Category III hedge fund. That commitment is a SEBI requirement rather than a discretionary show of alignment.

Norwest led the round, with participation from family offices and ultra-high-net-worth individuals. Veriqus plans to combine wealth management, asset management, business advisory and lending, although its valuation, round structure and other investors were not disclosed.

The Bengaluru-based payments giant has confidentially filed for a $600 million public listing, accepting a valuation haircut to secure domestic liquidity.

Backed by a strategic mix of equity and debt from leading institutional players, the AI-native credit platform is leveraging its proprietary underwriting engine to deploy structured capital in a fraction of the traditional timeline.

Prompted by a direct government mandate to reduce national fuel consumption, major financial institutions are fundamentally restructuring their operational models toward hybrid work and electric mobility.

By combining a fresh capital round with an NBFC stake acquisition, founders Rama Rao Kancharapu and David Pokuri are moving ONO beyond pure data layer orchestration into high-margin direct lending for India's massive APMC network.

Founded by Vedant Gupte, Siddharth Thakkar, and Aryan Jain, the platform uses AI-driven stock discovery to simplify capital markets for young retail investors, backed by a heavyweight roster of institutional and angel investors

Prime Minister Narendra Modi’s latest diplomatic trip to Abu Dhabi has secured massive capital inflows, signaling a strategic shift where Gulf nations are moving beyond infrastructure to take controlling bets on Indian private credit.

A recent investigation reveals that prominent India-born investment banker Vis Raghavan secured a top position at Citigroup just 48 hours after being effectively dismissed by JPMorgan Chase, bypassing traditional executive search protocols to control his public exit.

The acquisition bolsters Pine Labs’ omni-channel strategy by integrating Shopflo's high-conversion checkout optimization tools into its core payment infrastructure.

After years of regulatory scrutiny and operational curbs, the central bank has officially withdrawn Paytm Payments Bank's licence, citing severe governance lapses and non-compliance.

The newly infused capital will power the wealth-tech platform's push into discretionary portfolio management, challenging the traditional high-fee structure of India's asset management space.

The Bengaluru-based digital lender secures its unicorn status on the back of ₹2,700 crore in revenue, expanding into secured assets and prepping for a public market debut following its recent reverse-flip to India.

The wealthtech startup plans to use the fresh capital to scale its user base to 30 million and introduce AI-driven advisory and credit solutions tailored for merchants with fluctuating cash flows.

A sudden exit by the chairman over unspecified internal practices, followed by a total portfolio liquidation by a major global brokerage, raises urgent questions about HDFC Bank's risk management and post-merger realities.

By launching an embedded 15-day credit cycle and one-tap checkout, Zepto is shifting the industry battleground from logistical speed to financial stickiness and user retention.

Following final NCLT approvals, the integration of the former Navi Group asset creates a 25,000-employee powerhouse serving 5 million rural and underbanked customers.

Sumit Gupta and Neeraj Khandelwal face police custody over an FIR alleging franchise fraud, highlighting a severe escalation in how impersonation scams are impacting India's digital finance leaders.

The Mumbai-based wealth and asset management firm joins the coveted unicorn club as demand for bespoke financial solutions among India's ultra-rich continues to surge.