India
India fintech news from across the country: Mumbai, Bengaluru, Delhi NCR and other centres, from policy in New Delhi to product launches.
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CCI clears Prosus’s $100 million investment in Navi ahead of planned IPO
The Competition Commission of India has approved Prosus’s minority investment in Navi, clearing the way for the fintech’s first institutional funding round before a planned IPO.
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Fino Payments Bank nears final small finance bank approval, with RBI conditions
Fino Payments Bank is likely to get the RBI’s final approval to become a small finance bank, on condition that it hires an external CEO and its promoter restructures its…
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RBI presses banks to check API links with fintechs and NBFCs after hacks
The RBI has asked banks for proof of cyber compliance and for checks on the API links they use with fintechs and non-bank lenders, after a run of attacks on…
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Supreme Court says RBI rules must make banks compensate cyber fraud victims
The Supreme Court said the RBI’s draft KYC amendment directions must require banks to compensate digital arrest and cyber fraud victims, at no less than the amount lost, where due…
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Bharat Web3 Association sets up a self-regulatory body for India’s crypto sector
The Bharat Web3 Association launched a self-regulatory body for India’s virtual digital asset sector, chaired by former government secretary Rohit Kumar Singh, to set voluntary compliance rules for members.
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Kissht doubles Q2 profit to ₹125 crore as its loan book grows 68%
Kissht parent OnEMI Technology Solutions doubled its Q2 FY27 net profit to ₹125.1 crore, with assets under management up 68% to ₹9,317 crore.
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Pine Labs Q2 profit rises to ₹38.6 crore as revenue grows 24%
Pine Labs reported a Q2 FY27 net profit of ₹38.6 crore against ₹6 crore a year earlier, as revenue rose 24% and its UPI transaction value grew by more than…
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SEBI makes direct plans the default on mutual fund AMC apps from November 1
SEBI chairman Tuhin Kanta Pandey said direct plans will be the default on asset management companies’ digital platforms from November 1, and investors choosing regular plans must be told of…
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Mochatrade raises $5.5 million to offer Indian traders US stock contracts through UPI
Mochatrade has raised $5.5 million in a CoinFund-led seed round for a platform that lets Indian traders take UPI-funded positions on US stock prices without a US brokerage account.
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