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India's Banking Redux; In AI's world, you're the lunch that's free

17 Nov 2025, 13:04 PM

In today’s edition, we look decode the banking redux underway; and how AI companies are luring India’s billion internet users with “free” tools.

Emirates NBD-RBL deal: Why foreign banks are buying Indian banks instead of building them

Emirates NBD-RBL deal: Why foreign banks are buying Indian banks instead of building them

31 Oct 2025, 14:37 PM

A new wave of global capital is flowing into Indian banks. Deals led by DBS, Emirates NBD, and SMBC signal a shift in how foreign lenders are choosing to participate in the country's financial system.

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Fintech Highlights

  1. Federal Bank to acquire Standard Chartered's India credit card portfolio

  2. Kissht raises Rs 278 crore from anchor investors

  3. Go Digit Q4 net premium income flat, profit up 28%

  4. Novio nets Series A funding led by Cornerstone Ventures

  5. Sahi raises $33 million in Series B funding led by Accel Growth
  6. Read more news...

AI/Emerging Tech

  1. Exfinity Venture Partners books 13x returns with partial exit from CloudSEK

  2. OpenAI breaks free from Microsoft cloud exclusivity

  3. Google to invest up to $40 billion in Anthropic

  4. LightFury Games bags $11 million from Blume, MS Dhoni, others

  5. OpenAI and Infosys partner to scale AI across enterprises
  6. Read more news...

IPO Tales

  1. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  2. Shiprocket IPO: A profitable core, costly emerging bets

  3. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

  4. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor
  5. Read more news...

Money & Machines

  1. 'Guilty, until proven innocent'; The ARR illusion

  2. Rishi Gupta is out on bail. What next?; The cost of frivolous AI use

  3. Fintechs' Dubai Dream; Founders' AI Second Act

  4. A CEO arrested, hearing delayed; Sarvam's AI pitch
  5. Previous editions...

PE/VC Tales

  1. Micro VCs: Fueling India's startup pipeline or distorting it?

  2. Inside the fintech and financial services bets of Peak XV, Accel, Elevation

  3. Enterprise bets pay off as Arali Ventures eyes ‘larger’ third fund

  4. TDV Partners bullish on consumer over AI, plans bigger fund
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]