The National Payments Corporation of India (NPCI) is strengthening its institutional framework as it prepares to play a larger role in building the next phase […]
Category: BFSI
Knight Fintech raises $23.6 million in Accel-led series A funding
Knight Fintech has raised $23.6 million in a Series A funding round led by Accel, with participation from IIFL and Rocket Capital. The round also […]
Mylapay secures $1 million to advance next-generation payment infrastructure
Mylapay has raised $1 million as part of its ongoing capital round, ahead of its planned Series A funding. The round witnessed continued participation from […]
Piramal Finance strengthens credit profile with improved rating outlook
Piramal Finance Limited has received a significant endorsement of its financial strength with CRISIL Ratings assigning a long-term rating of AA+/Stable to the company’s non-convertible […]
IFC partners with HDFC AMC to expand private credit for mid-market firms
The International Finance Corporation (IFC) has partnered with HDFC Asset Management Company (HDFC AMC) to strengthen the availability of structured private credit for India’s mid-market […]
ICICI Bank rolls out Capital Gains Account Scheme from January 2026
ICICI Bank has introduced the Capital Gains Account Scheme (CGAS) for resident individuals and Hindu Undivided Families, following authorisation from the Government of India. The […]
Rediff receives NPCI approval to launch fully Indian-owned UPI app
Rediff.com India has received final approval from the National Payments Corporation of India (NPCI) for a Third-Party Application Provider (TPAP) licence, marking its formal entry […]
South Indian Bank reports double-digit growth in advances and deposits in Q3 FY26
The South Indian Bank Ltd. has reported healthy business momentum for the quarter ended December 31, 2025, with strong year-on-year growth across advances, deposits and […]
SG Finserve loan book crosses Rs 3,200 crore on strong Q3 growth momentum
SG Finserve Limited (SGFL) reported a robust expansion in its lending business, closing the third quarter of FY26 with a loan book of approximately Rs […]
India’s UCB Landscape Narrows as Consolidation Accelerates
The Reserve Bank of India’s (RBI) long-running consolidation drive in the urban co-operative banking (UCB) sector, initiated in 2004-05, has led to a steady reduction […]