RBI Restricts Banks From Mis-selling Insurance and Mutual Funds
The new RBI mis-selling rules bar banks from forced bundling, dark patterns and incentive-driven cross-selling of insurance and mutual funds…
Section
Category: Fintech & Banking
Banking, RBI, UPI, payments and fintech news.
PhonePe to Charge ₹100 Quarterly Fee on Inactive Wallets
PhonePe wallet charges include a ₹100 quarterly fee on wallets inactive for 365 days. See who’s affected, why your bank…
Meta to Invest in CRED at $4B Valuation
Meta is in advanced talks to invest in fintech CRED at a roughly $4 billion valuation, betting on India’s premium…
Zerodha Capital Posts ₹14.7 Crore Profit in FY26
Zerodha Capital, the lending arm of the Zerodha Group, posted a ₹14.7 crore net profit in FY26, up 20.5%, as…
PhonePe & GooglePay market share slips below 80% for 1st time
In a milestone shift for India’s digital payments landscape, the absolute dominance of the PhonePe and Google Pay duopoly has…
Dhan fall 20% to Rs 326 crore in FY26
Dhan’s parent company, Raise Securities, has reported a 20.1% decline in its net profit for the 2026 fiscal year (FY26),…
Zerodha restart referral programme
Following regulatory clearances, India’s top discount brokerage, Zerodha, has officially relaunched its customer referral program. The program was abruptly paused…
Axis Life Insurance posts 99.8% death claim payout
Following its official rebranding and structural consolidation under Axis Bank, Axis Max Life Insurance Limited (formerly known as Max Life…
India, Nepal launch UPI-based cross-border remittance system
In a major milestone for regional financial integration and digital neighborhood cooperation, India and Nepal have officially operationalized a peer-to-peer…
30% Zerodha accounts now belong to women investors
In a major structural milestone that highlights the changing demographics of India’s wealth management landscape, women now own 30% of…