Paytm Payments Services Ltd (PPSL) is a subsidiary of One97 Communications Ltd (OCL), the parent of Paytm. PPSL has been awaiting regulator nod to offer Payment Aggregator (PA) services since 2020. RBI had rejected its payment aggregator licence application in November 2022, instructing the company to reapply with compliance under foreign direct investment (FDI) norms. … Read more
Antfin has sold it’s final remaining 5.84% stake in Paytm. Deal has been executed in open market at Rs 1,020/ share aggregating Rs 3,800 cr. Antfin was the last remaining Chinese shareholder, and now Paytm will no longer have any Chinese ownership. This would possibly also looked favorably by the Indian regulators. Ant’s exit was … Read more
After the recent derivative lapse and the subsequent resignation by the CEO MD, Bank has finally appointed Mr. Rajiv Anand as the new MD & CEO. The appointment is for three years, effective from August 25, 2025 upto August 24, 2028. Rajiv is currently the Deputy MD of the Axis bank. CA by education, he … Read more
Zerodha’s Nithin Kamath has never shied away from straight talk. This week, he laid out a rare self-assessment of his company’s recent growth, or the lack of it, in public. In a detailed post on X (formerly Twitter), Kamath shared that while Zerodha continues to manage increasing volumes of investor wealth, the number of new … Read more
Markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (July 9, 2025) proposed allowing credit ratings agencies to rate financial instruments regulated by other financial sector regulators. Any agency that expands ratings to such instruments will need to set up a new unit within six months, SEBI said in a consultation paper. SEBI, … Read more
Banks led by public sector lenders have started revising their lending rates following the RBI’s 50 basis point repo rate cut. However, for a change, old borrowers may benefit more than new ones, as banks are likely to tweak the spreads on home loans, which were already competitive in the quest for market share.Bank of … Read more
Japanese banking giant Sumitomo Mitsui Banking Corp (SMBC) is rumored to be back on the table for acquiring a significant stake in Yes bank (YB). (Deal talks with Mitsubishi UFJ Financial Group (MUFG), another Japanese player, and SMBC did not fructify last year, as both financial majors were seeking dispensation on the voting right limits) … Read more
In a somewhat surprise announcement, IDFC First bank (IDFB) has announced a significant fund raise. Rs 7,500 cr raise has been announced for 15% dilution. Rs 4,876 cr from Warburg Pincus for 9.8% Rs 2,624 cr from Abu Dhabi Investment Authority (ADIA) for 5.1% Instrument is Convertible Cumulative Preference Shares of face value of Rs … Read more
Banks are implementing new RBI guidelines for unclaimed deposits and inactive accounts, effective April 1. (AI image) Banks across India will introduce a new format to help account holders or nominees recover unclaimed deposits exceeding ₹78,213 crore, according to informed sources. Banks are implementing new RBI guidelines for unclaimed deposits and inactive accounts, effective April … Read more