In its October 2024 monetary policy meeting, the Reserve Bank of India (RBI) decided to maintain the repo rate at 6.5%, marking the tenth consecutive meeting where the rate has been left unchanged. However, in a notable shift, the Monetary Policy Committee (MPC) unanimously changed its stance from "withdrawal of...

PB Fintech, the parent company of Policybazaar and Paisabazaar, is planning to invest up to $100 million for a 20-30% stake in a new healthcare company, according to Yashish Dahiya, Chairman and Group CEO. This move, however, is subject to board approval. At an event on September 28, Co-Founder and Executive...

Fintech companies have taken a significant 52% share of the personal loan market, as noted in a recent Experian India report.  As of March 2024, fintech companies have disbursed over ₹2.48 trillion in personal loans and ₹28,607 crore in business loans, with many loans under ₹50,000 primarily benefiting New-to-Credit (NTC)...

Flipkart-backed fintech super.money has launched a co-branded credit card in collaboration with Utkarsh Small Finance Bank. This allows users to obtain credit limits starting as low as INR 90, with deposits ranging from INR 100 to INR 10 lakh. The superCard is part of Super.Money’s broader strategy to integrate credit...

India's fintech sector is experiencing an unprecedented boom, establishing itself as the fastest-growing fintech market globally and the third-largest overall. According to a recent report by JM Financial on the 'Indian Fintech Journey,' the fintech industry has made remarkable strides, underscoring its significance in the global financial landscape. The report...