Financials

From Promise to Pause: The untold story of Mahindra’s digital finance dream

From Promise to Pause: The untold story of Mahindra’s digital finance dream

28 Apr 2025, 04:04 AM

How internal challenges and shifting priorities derailed Mahindra Finance’s ambition to mirror Bajaj Finance’s success in digital lending.

Government sets up inter-ministerial committee on fintech

Government sets up inter-ministerial committee on fintech

18 Mar 2025, 20:35 PM

Chaired by the secretary of the department of financial services (DFS), the committee will analyze fintech’s contributions to the broader BFSI industry.

Indifi posts revenue jump in FY24; profit declines

Indifi posts revenue jump in FY24; profit declines

07 Mar 2025, 19:54 PM

Indifi’s cost of bad debt written off surged two times to Rs 45 crore in FY24.

M2P Fintech sees decline in operating revenue, export income in FY24

M2P Fintech sees decline in operating revenue, export income in FY24

05 Mar 2025, 23:12 PM

The company witnessed a significant fall in its export income from Rs 19.3 crore reported in FY23 to Rs 4.6 crore in FY24.

Jio Financial acquires SBI

Jio Financial acquires SBI's stake in payments bank JV

05 Mar 2025, 22:32 PM

Jio Financial Services acquires SBI's 17.8% stake in Jio Payments Bank for Rs 104.54 crore.

InsuranceDekho raises $70 million round co-led by Beams Fintech, MUFG

InsuranceDekho raises $70 million round co-led by Beams Fintech, MUFG

04 Mar 2025, 16:07 PM

This capital will enable InsuranceDekho to expand reach, enhance tech-driven offerings, and solidify position, the company's founder Ankit Agrawal said.

BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

25 Feb 2025, 13:27 PM

The NBFC had reported Rs 232 crore in operating revenue in its 2023 financial statement, but its FY24 filings now show revenue of Rs 109 crore for the same period.

Fintech firm Progcap

Fintech firm Progcap's operating revenue doubles in FY24

25 Feb 2025, 03:06 AM

The company’s total expenses grew to Rs 203 crore in FY24, compared to Rs 149 crore in the previous fiscal.

InCred buys Dubai-based financial advisory firm Arrow Capital

InCred buys Dubai-based financial advisory firm Arrow Capital

20 Feb 2025, 23:11 PM

Post acquisition, InCred Global Wealth will manage assets exceeding $2 billion across Dubai, Singapore, and London.

LiquiLoans reports 3.4x jump in FY24 revenues to Rs 696 crore

LiquiLoans reports 3.4x jump in FY24 revenues to Rs 696 crore

12 Feb 2025, 20:19 PM

In August last year, the Reserve Bank of India (RBI) tightened regulations on the peer-to-peer (P2P) lending sector, leading most platforms to halt operations.

MobiKwik Q3 losses jump to Rs 55 crore; financial services revenue down by over 50%

MobiKwik Q3 losses jump to Rs 55 crore; financial services revenue down by over 50%

04 Feb 2025, 18:11 PM

MobiKwik posted a net loss of Rs 55 crore, compared to a loss of Rs 3.6 crore during Q2FY25; and a profit of Rs 5 crore posted a year earlier.

Policybazaar patent PB Fintech posts 95% jump in Q3 profits to Rs 72 crore

Policybazaar patent PB Fintech posts 95% jump in Q3 profits to Rs 72 crore

03 Feb 2025, 15:43 PM

Insurance broking remained majority revenue driver at Rs 1,132 crore during Q3 FY25 from Rs 697 crore in Q3 FY24.

Upstox reports 8x jump in net profits in FY24

Upstox reports 8x jump in net profits in FY24

03 Feb 2025, 15:28 PM

Upstox's revenue from operation grew to Rs 1311 crore in FY24, compared to Rs 1050 crore in FY23.

Pravin Jadhav-led Dhan acquires media startup Filter Coffee

Pravin Jadhav-led Dhan acquires media startup Filter Coffee

28 Jan 2025, 03:55 AM

With Raise Financials, Filter Coffee will expand its content across short-form videos, and long-form storytelling, delivering fresh perspectives on India’s financial markets.

Jio, BlackRock JV sets up stock broking unit; invests Rs 117 crore in mutual fund unit

Jio, BlackRock JV sets up stock broking unit; invests Rs 117 crore in mutual fund unit

24 Jan 2025, 15:17 PM

The JV’s wholly owned subsidiary will be called 'Jio BlackRock Broking' -- which will undertake the business of broking.

RBI cancels NBFC licence of X10 Financial, backer of 30 digital loan apps

RBI cancels NBFC licence of X10 Financial, backer of 30 digital loan apps

22 Jan 2025, 18:52 PM

X10, according to the RBI, violated guidelines on the code of conduct in outsourcing of financial services in its digital lending operations.

Paytm Q3 revenue dips 36% yoy, loss narrows to Rs 208.5 crore

Paytm Q3 revenue dips 36% yoy, loss narrows to Rs 208.5 crore

21 Jan 2025, 04:08 AM

Employee benefits - the largest cost centre - stood at Rs 756 crore, compared to Rs 1,187 crore reported in Q3 FY24.

RBI lifts loan disbursal restrictions on DMI Finance, Asirvad Micro Finance

RBI lifts loan disbursal restrictions on DMI Finance, Asirvad Micro Finance

09 Jan 2025, 23:44 PM

In October, the banking regulator had barred four NBFCs to "cease and desist" from sanction and disbursal of loans.

MobiKwik Q2 FY25: Revenue at Rs 291 crore and Rs 3.5 crore loss

MobiKwik Q2 FY25: Revenue at Rs 291 crore and Rs 3.5 crore loss

07 Jan 2025, 23:43 PM

MobiKwik and Lendbox struck a deal where MobiKwik gave up Rs 24 cr in income for Q1 FY25, and in return, Lendbox waived Rs 42 cr in facilitation fees. These adjustments impacted MobiKwik's current quarter's revenue and expenses.

Fintech Hightlights

  1. Paytm's First Games receives Rs 5,712 crore GST notice

  2. PB Fintech invests Rs 539.4 crore in healthcare unit

  3. MobiKwik sets up wholly-owned unit to operate as an NBFC

  4. Pine Labs promotes CEO Amrish Rau to MD and chairman ahead of IPO

  5. SME lender Finodaya Capital raises $2.5 million led by White Venture Capital
  6. Read more highlights...

Editor's Pick

  1. NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

  2. BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

  3. Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?