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BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
Mirae Asset Venture Investments India has raised Rs 1,125 crore in the first close of its latest India-focused venture capital fund.Mirae Asset...
The funding round also saw participation from existing investors including Lightspeed India Partners and Burman Family Office, among others.
The matter relates to Paytm’s December 6, 2023 announcement that it would reduce the distribution of personal loans below Rs 50,000, particularly its postpaid loans.
The offering is designed to comply with the accessibility requirements of the Reserve Bank of India (RBI) under BIS IS 17802 standards.
Global card network Visa is looking to offer issuing and acquiring solutions to banks globally, according to a source.
The new fund is around 15% smaller than Accel’s previous India fund. Accel had closed $650 million for its eighth India fund in January last year.
The bank's asset quality improved, with gross non-performing assets (NPAs) declining to 4.36% from 6.31% and net NPAs reducing to 3.24% from 4.66% as of June 30, 2026.
More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.
BlackSoil said it backed the transaction citing Mintoak's banking partnerships, profitable growth and scalable business model.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
Groww had acquired Fisdom in an all-cash transaction valued at around $150 million in October 2025, marking one of the largest consolidation moves in India’s wealthtech space
Insurance premium generated through the platform grew 41% year-on-year to Rs 8,372 crore, driven by strong growth in health and protection insurance segments.
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
The stake sale attracted participation from several domestic and international institutional investors, with Axis Mutual Fund and Fidelity among the key buyers.
The round also witnessed participation from existing investors Chiratae Ventures, Varanium Fintech Fund, and VCMint.
The Bengaluru-based startup will use the fresh capital to strengthen its underwriting, actuarial, catastrophe modelling, and AI capabilities.
The proposed amendment, tabled by FM Nirmala Sitharaman, marks a shift from the existing legal framework, under which UPI enjoys a statutory exemption from MDR.
The funding round also saw participation from other existing investors Peak XV Partners, RTP Global, and Z47.
The education-focused NBFC's net profit increased 31% to Rs 154.3 crore in Q1 FY27 from Rs 118 crore a year earlier.
