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The approval for the stock broking business covers fixed-income instruments like corporate bonds, government securities, and treasury bills.
The company's net profit increased to Rs 261 crore in during the quarter from Rs 170 crore in Q4 FY25.
The fintech company posted a net profit of Rs 183 crore during the quarter as compared to a net loss of Rs 545 crore in the same quarter last year.
The company's gross premium written rose 6% year-on-year to Rs 2,736 crore during the quarter, against Rs 2,576 crore in the corresponding period last year.
The NBFC license will allow the fintech company to launch a new lending division -- MobiKwik Financial Services Pvt Ltd.
Its total expenses grew by 61% to Rs 227 crore in FY25 in comparison to Rs 141 crore in the previous fiscal.
The funding round saw participation from Uncorrelated Ventures, Aaruha Technology Fund, Vikash Agarwal and other investors.
The stock exchange has been attempting to list since 2016 to provide exit to its investors.
The two companies have also entered a multiyear strategic partnership that will allow Thinking Labs to use at least one gigawatt of Nvidia's next-generation Vera Rubin AI accelerators.
With this, Cred now holds multiple regulatory licenses across payments, lending, insurance, and investments.
The company narrowed net loss by 87% during the period to Rs 6 crore.
Dhan's net profit increased 2.6x to Rs 408 crore in FY25 from Rs 159 crore in the previous fiscal.
It swung to a net profit of Rs 4 crore in Q3 FY26 from a net loss of Rs 53 crore in the year-ago period.
The company incurred an exceptional expense of Rs 3.1 crore during the quarter.
Total expenses of Paytm declined to Rs 2,175 crore during the quarter as compared to Rs 2,220 crore in Q3 FY25.
It posted a net profit of Rs 42 crore in Q3 FY26 compared to Rs 57 crore in net losses in Q3 FY25.
With the PA-P license, Razorpay now holds all three key RBI authorisations for payments, online, offline, and cross-border.
The funding round saw participation from LetsVenture Angel Fund and Sun Icon Ventures, among others.
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The RBI's ban on Navi in 2024 marked a turning point for fintech lending. Nearly a year on, the sector is still searching for a restart.
Last year, Skydo raised $10 million in a Series A funding led by Susquehanna Asia Venture Capital.
