Explore the latest news, in-depth reports, and executive analysis tagged with #Icici Bank.
British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.
![The untold story behind Pine Labs' multi-year OMC contracts [Exclusive]](/upload/theheadandtale.com/2026/03/1772442637_95355ba037_pinelabs_lead.jpg)
The IOCL, BPCL and HPCL deals reflect a quiet realignment in PSU fuel payment mandates.
![The corporate credit card that wasn't really a credit card – now under the RBI lens [Exclusive]](/upload/theheadandtale.com/2026/02/1771833208_9473128f76_corporate_credit.jpg)
Two years after the RBI halted commercial card-based vendor payments, the regulator has now turned its attention to another 'corporate credit card' structure.
The deal comprises a mix of primary and secondary capital.
This is a market-share view of UPI payment flows handled by payments aggregators through 'UPI Collect' method.
Fiserv has been reaching out to payments companies and banks since past few weeks, industry insiders informed.
Nearly 47% of the total anchor allocation went to 12 domestic mutual funds across around 30 schemes.
The change will will apply only to new savings bank accounts opened after August 1, 2025.
Interestingly, not just payment aggregators, the has decided to charge some large merchants – who use the bank’s UPI directly.
Zerodha, led by the Kamath brothers -- Nithin Kamath and Nikhil Kamath, also held on to its second spot with a 15.58% market share and 7.58 million users.
Once celebrated for disrupting SME banking with its neobank model, Open’s journey since hitting the $1 billion mark in 2022 has been anything but smooth.
The company has mandated ICICI Securities, UBS Securities India Private Limited and Motilal Oswal Investment Banking as lead managers for the IPO.
In August, The Head and Tale was the first to report that ICICI Bank has terminated its exclusive merchant acquiring agreement with ICICI Merchant Services (IMSPL).
In what you can call “the empire strikes back”, a senior banker sees this development signalling a new market trend of traditional financial institutions...
