Digital Payments Spice Money Gets RBI In-Principle Nod as Physical Payment Aggregator to Bring Aadhaar Pay, QR Acceptance to Rural Merchants
DiGiSPICE's rural fintech arm Spice Money has received RBI in-principle authorisation to operate as a Payment Aggregator–Physical, its third payment system licence after PPI and BBPOU, and plans to onboard…
IOB Plans ₹5,000 Crore QIP to Cut Government Stake to About 86%; Eyes $500 Million via ECBs
Indian Overseas Bank plans to raise Rs 5,000 crore through a QIP at the end of Q3 or early Q4 FY27, trimming…
Banks Pull Back from Forex Buy-Sell Swaps into US Treasury Bills After Sensing RBI Discomfort
Some large Indian banks have shelved or unwound forex buy-sell swap trades that parked FCNR-linked surplus funds in US Treasury bills for…
Sahamati Defers Account Aggregator Pricing Model to December 1, Extends Free Data Access for Lenders by a Month
Sahamati, the RBI-recognised self-regulatory organisation for India's Account Aggregator ecosystem, has pushed the rollout of the network's first standardised pricing model to…
SBI Launches CyRIS Cybersecurity Centre of Excellence to Build Intelligence-led Cyber Resilience for Banking
State Bank of India has opened CyRIS, a Cybersecurity Centre of Excellence inaugurated by DFS Secretary Sanjay Lohiya in the presence of…
Weak signal, good customer: Why India needs better video KYC
Picture a customer in small-town India opening a leading app, ready to borrow a personal loan. She clears the early screening, reaches…
Mochatrade Raises $5.5 Million Seed Round Led by CoinFund to Let Indian Traders Access US Markets via UPI
Y Combinator-backed Mochatrade has raised $5.5 million in a seed round led by CoinFund, with Coinbase Ventures and Zero Knowledge Ventures participating,…
axiTrust in Talks to Raise $5 Million Series A to Scale Digital Surety Bonds for Indian Businesses
Fintech startup axiTrust, which offers digital surety bonds as an alternative to collateral-heavy bank guarantees, is reportedly in talks to raise about…
Protectt.ai Takes Controlling Stake in Bosch-Incubated AIShield to Secure AI in Banking and Fintech Apps
Bessemer and Bajaj Finance-backed Protectt.ai is acquiring a controlling stake in AIShield, the AI security platform incubated at Bosch Global Software Technologies.…
Tamilnad Mercantile Bank Posts Record ₹451 Crore Q2 Profit, Business Growth Fastest in 18 Years
Thoothukudi-based Tamilnad Mercantile Bank reported its highest-ever quarterly net profit of ₹451 crore in Q2 FY27, up 42% year-on-year, as net interest…
