In the competitive landscape of Indian fintech, where "growth at any cost" was previously a dominant industry focus, PhonePe appears to be charting a distinct course: a strategic focus on sustainable profitability alongside growth.
Singapore / Gelephu [Bhutan], February 2: Matrixport announces that its Bhutan entity, Matrix Bhutan Pte Ltd, has received In-Principle Approval (IPA) from the Gelephu Financial Services Office (GFSO) to operate regulated financial services within or from Gelephu Mindfulness City (GMC).
The Union Budget's proposals to extend tax exemptions send a strong signal to global investors and significantly strengthen GIFT City's position as an international financial services hub, said Sanjay Kaul, Managing Director and Group CEO of GIFT City, following the Budget announcement by
An urgent meeting was held today in the wake of call for strike by bank unions for Tuesday and banks were advised to take all necessary steps to ensure the smooth functioning of banking operations, especially in respect of customer services, digital channels, clearing and settlement syste
During its first participation at the forum, the Gujarat International Finance Tec-City (GIFT City) delegation engaged with international investors to position India's first International Financial Services Centre (IFSC) as a scalable destination for banking, capital markets, and fintech. Gl
JioBlackRock Asset Management has launched the JioBlackRock Sector Rotation Fund, an equity offering powered by the Systematic Active Equities (SAE) approach. The fund seeks to identify investment opportunities by dynamically rotating exposure among various sectors through the leveraging of
Mumbai (Maharashtra) [India], January 22: CarePal Money, the lending marketplace arm of the CarePal Group, has appointed Sahil Lakshmanan as its Chief Executive Officer, effective immediately.
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a significant equity support of Rs. 5,000 crore for the Small Industries Development Bank of India (SIDBI). This capital will be infused by the Department of Financial Services in three separate stages, starting with Rs
The outlook for the banking sector remains positive, with earnings expected to recover steadily over the medium term, supported by stable margins, improving asset quality and a pickup in loan growth, according to a report by Motilal Oswal Financial Services.
Muthoot FinCorp Ltd. (Muthoot Blue) has announced its evolution into a full-scale financial services marketplace, integrating loans, investments, savings, payments, and insurance with its digital platform, Muthoot FinCorp ONE.
Bengaluru (Karnataka) [India], January 20: UST, a leading AI and technology transformation solutions company, has acquired Texas-based fintech company Tailwind Business Ventures, strengthening its position in a dynamic sector while also expanding its presence in South America. Tailwind was f