Banks

Digital lender Kissht plans $225 million IPO; appoints investment banks

Digital lender Kissht plans $225 million IPO; appoints investment banks

06 Apr 2025, 17:48 PM

The company has mandated ICICI Securities, UBS Securities India Private Limited and Motilal Oswal Investment Banking as lead managers for the IPO.

Walmart-backed PhonePe picks 4 investment banks for its IPO

Walmart-backed PhonePe picks 4 investment banks for its IPO

27 Feb 2025, 00:19 AM

PhonePe has reportedly onboarded Kotak Mahindra Capital, JP Morgan, Citi and Morgan Stanley to kick off its IPO.

RBI sets up committee to evaluate universal banks, SFB applications

RBI sets up committee to evaluate universal banks, SFB applications

21 Jan 2025, 03:47 AM

The Standing External Advisory Committee has been set up by RBI to assess the eligibility of applicants seeking to operate as universal banks and small finance banks.

RBI allows small finance banks to offer credit line on UPI

RBI allows small finance banks to offer credit line on UPI

07 Dec 2024, 02:36 AM

RBI Governor Shaktikanta Das announced that small finance banks will now be permitted to provide pre-sanctioned credit lines through UPI.

Phi Commerce launches debt collection tool for banks and NBFCs

Phi Commerce launches debt collection tool for banks and NBFCs

23 Oct 2024, 18:06 PM

CollectiPhi-360 enables lenders to manage automated, doorstep, offline, partial, and bulk collections.

Fintech Highlights

  1. Smallcase operating revenue jumps 57% to Rs 106 crore in FY25

  2. Paytm to become AI-first company: Vijay Shekhar Sharma

  3. Peak XV-backed Probo under ED lens: Rs 284 crore assets seized amid online betting allegations

  4. Go Digit gets High Court relief on Rs 170 crore GST demand for now

  5. Groww retains top spot in brokerage race despite dip in users
  6. Read more highlights...

AI/Emerging Tech

  1. OpenAI's open model launch to take longer than expected

  2. iyO sues ex-staff after targeting OpenAI, Jony Ive

  3. Google hires Windsurf AI talent in $2.4 billion licensing deal

  4. xAI reportedly eyes fresh funding at $170-$200 billion valuation; Musk denies

  5. Meta acquires voice AI startup PlayAI in talent push
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case