Fintech

Stay updated with the latest fintech news, analysis, and trends

Two Dozen Companies Target ₹35,000 Crore IPOs in August Market Boom

August IPO Boom: 2 Dozen Firms Eye ₹35,000 Cr

India’s primary market gears up for an August IPO surge with over 24 companies aiming to raise ₹35,000 crore, led by fintech giants.

Two holographic digital interfaces, one blue and one orange, merge in a modern office with blurred figures and city views.

Protium Finance Eyes ₹2,200 Cr Clix Capital Acquisition

Protium Finance is reportedly close to acquiring Clix Capital for up to ₹2,200 crore, aiming to significantly expand its NBFC operations and lending segments.

Cyber Fraud Shifts to Live Calls, ₹22,496 Crore Reported in India

India Cyber Fraud: Live Calls Cause ₹22,496 Cr Loss

Cyber fraudsters in India are now using live calls, causing a 35% rise in financial loss per incident. Total reported losses reach ₹22,496 crore.

A broker sits at a desk in an office, looking at four large computer monitors displaying stock charts and data.

SEBI Delays T+0 Settlement: Broker Issues Halt Same-Day Trades

SEBI indefinitely postpones T+0 settlement cycle due to broker readiness issues and limited market participation, impacting same-day fund and share credit for investors.

PM Modi Taps Nandan Nilekani to Overhaul India's Examination System

Modi Taps Nandan Nilekani to Reform India’s Exam System

PM Modi forms a task force led by Nandan Nilekani to overhaul India’s examination system, prioritizing technology, transparency, and integrity in NTA exams.

A man and woman in an office reviewing investment portfolio options on a tablet, with a window and office decor in the background.

SEBI MF-PMS Framework: Lower Investment, Boost RIAs

SEBI proposes a new MF-PMS framework, slashing investment minimums to Rs 25 lakh and easing requirements to empower RIAs and boost investor access.

An individual's hands holding a smartphone, displaying a bank account interface with "₹950 EPFO Credit" and "₹780 PF Refund."

EPFO Auto-Refunds Dormant PF Accounts Under ₹1,000

EPFO to launch auto-refund for 1.18 lakh dormant PF accounts under ₹1,000 by August 2026. Get your unclaimed savings back easily!

A man wearing glasses intently watches stock charts and data on a laptop screen, positioned at a desk with an urban background.

India’s Margin Trading Hits Record ₹1.43 Lakh Crore

India’s margin trading facility (MTF) reached a record ₹1,43,722 crore by July 22, driven by retail investor leverage, despite a slowdown in monthly growth.

An Indian man in a home office reviews financial documents, including bank statements and investment reports, and a tax form.

Indian Taxpayers: Foreign Asset Disclosure Rules & Relief

Indian residents must declare foreign assets in ITR via Schedule FA. Avoid penalties! Learn about new relief for small taxpayers and disclosure deadlines.

A man in a blue shirt looks frustrated while viewing a login screen on a computer in a home office setting.

EPFO Delays UPI Claims to 2026 Due to System Glitches

EPFO postpones its UPI-linked claim settlement facility to August 2026 due to significant system glitches and platform migration issues affecting users.

An Indian woman in a black blazer and white top sits at a white counter, looking at a tablet she holds.

India’s CKYC 2.0: Unified Financial Access Launching August 1

India launches Central KYC 2.0 on August 1 for streamlined financial product access. A unified customer ID system for banks & insurers, enhancing efficiency and fraud prevention.

A fund manager in a suit reviews documents at a large desk with a laptop, tablet, and binders.

India’s New Bill: Tax Relief for Category III AIFs, Transparency Concerns

India’s 2026 Corporate Laws Bill proposes tax relief for Category III AIFs via LLP conversion, but raises privacy concerns due to mandatory partner disclosure.

An Indian citizen and a tax official interact at a modern, well-lit service counter in an Indian Income Tax office.

Nirmala Sitharaman Directs IT Dept for Better Taxpayer Service

Finance Minister Nirmala Sitharaman urges the Income Tax department to enhance taxpayer services, reduce bureaucracy, and improve public asset management in India.

A man in a white shirt and blue tie points at a computer screen displaying policy information in an office.

IRDAI’s Public Insurance Registry to Fight Mis-selling

IRDAI introduces a Public Insurance Registry to link policies to individual agents, enhancing accountability and combating mis-selling in India.

PhonePe Reports Widening Losses Despite Revenue Growth in FY26

PhonePe’s FY26 Losses Widen Despite Revenue Surge

PhonePe saw revenue climb to ₹7,920 crore in FY26, but net losses ballooned by 62% to ₹2,792 crore due to one-off charges and operational costs.

An Indian man holding a smartphone with a payment confirmation screen, interacting with a Singaporean market vendor.

UPI Now in 9 Countries: Easier Payments for Indian Travelers

India’s UPI is now live in 9 nations, offering Indian travelers reduced costs and seamless cashless payments abroad. Discover the new international reach.

An IT professional in safety glasses stands in a data center, focused on a server rack displaying red error lights and a critical system alert on a monitor.

Phineas Fisher: Decade of Cyberattacks on Surveillance & Fintech

Explore Phineas Fisher’s decade-long reign as an uncaught hacktivist, targeting surveillance firms and fintech, including the Hacking Team collapse.

A man holds a smartphone displaying an online Rummy game. His face shows concentration.

ED Attaches Gameskraft Assets Worth ₹1,906 Cr Over ‘Addictive’ Gaming

Enforcement Directorate attaches ₹1,906 crore of Gameskraft assets under PMLA, citing an ‘addictive’ gaming environment and ‘repeated wagering’, following India’s online gaming ban.

A woman with glasses sits at a wooden desk, looking at a tablet displaying financial data. A window is to her left.

DSP Mutual Fund: Understand Multi-Asset Funds

DSP Mutual Fund launches a digital campaign to demystify Multi-Asset Allocation Funds, helping investors align expectations with portfolio strategy.

An elderly man holds a smartphone displaying a "FRAUD ALERT" message, with a distressed expression.

Retired Man Loses ₹3.91 Crore in Fake Stock Scam

A 67-year-old retired man in Bhopal was defrauded of ₹3.91 crore by a sophisticated fake stock and IPO investment scam using a fraudulent app and forged documents.

A financial advisor speaks to a diverse group of four women and one man in a bright office with a city view.

SEBI Overhauls PMS Rules: Broader Investments, Easier Entry

SEBI proposes significant changes to Portfolio Managers Regulations 2020, expanding investment options and easing entry for PMS in India’s evolving capital markets.

A woman in a dark blazer is seated at a desk, looking intently at a computer monitor displaying charts and graphs.

SEBI Overhauls PMS Rules: Lower Investment, More Access

SEBI proposes major PMS regulation changes in India, aiming to lower investment minimums and net worth requirements, enhancing accessibility for investors.

Prudent Corporate Advisory Sees Q1 Profit Jump 44% to ₹75 Crore

Prudent Corporate Advisory Q1 Profit Soars 44% to ₹75 Crore

Prudent Corporate Advisory Services reports a stellar Q1 with net profit jumping 44% to ₹75 crore, fueled by strong financial product distribution and SIP growth.

PhonePe FY26 Revenue Rises 11.5% Amid Widened Net Loss, IPO Deferred

PhonePe FY26 Revenue Up 11.5%, Net Loss Widens, IPO Delayed

PhonePe’s FY26 revenue grew 11.5% to ₹7,920 crore, but net loss widened to ₹2,792 crore due to one-off charges. IPO plans are deferred.

A man in a blue shirt sits at a desk, interacting with a tablet displaying "Digital Identity Verification" and "GRANT CONSENT".

India’s CKYC 2.0: Common Customer ID Launching August

India launches CKYC 2.0 in August, introducing a common customer ID for banks and insurers to simplify financial product access and enhance fraud prevention.

An Indian man in a blue shirt holds a smartphone showing "Transaction Successful" while standing at a service desk.

India’s CKYC 2.0: Unified KYC for Banks & Insurers by Aug 2026

India launches Central KYC 2.0 in August 2026 for banks & insurers, streamlining customer identification and expanding financial product access nationwide.

A hand in a white glove places a legal document with a red seal next to a stack of Indian currency notes on a ledger.

ED Attaches ₹1,906 Cr in Gameskraft Money Laundering Probe

India’s ED provisionally attaches Rs 1,906 crore in assets from Gameskraft and RummyTime as part of a money laundering investigation linked to online rummy platforms.

Indian Startups Secure $209.1M, Down 26% in July's Fourth Week

Indian Startups Raise $209M in July Week 4 Amid Funding Dip

Indian startups secured $209.1M across 14 deals in July’s fourth week, a 26% decrease. Zetwerk and Veriqus led funding rounds despite the slowdown.

A person in an office reviews an "Audited Financial Statement" with a blurred image of a community project in the background.

India’s SSE Allows 10% CSR Funds for NPOs

India’s Social Stock Exchange now permits companies to allocate up to 10% of CSR funds via listed instruments, boosting NPO funding and transparency.

SEBI Proposes Major PMS Reforms for Global Investing and Derivatives

SEBI Reforms PMS: Global Investing & Derivatives

SEBI proposes major PMS reforms, allowing global investments in foreign equities, debt, and mutual funds, plus revised derivative rules. Learn more.