financial services
Indian Digital Lenders Halt IPO Plans Amidst Shifting Market Dynamics
Digital lending startups in India are delaying IPOs due to muted growth and tighter regulations. Despite some profit gains, many are prioritizing balance sheet strength and compliance over immediate public listings. This shift reflects a cautious market demanding profitability and sustainable models, though the long-term potential for digital credit in India remains strong.
PayU India Achieves Significant Growth: Revenue Climbs 12% to ₹4,300 Crore in FY25
PayU India saw its revenue jump 12% to ₹4,300 crore in FY25, driven by a 14% rise in payment volumes across key sectors. Its payments business broke even in H2 FY25, a major milestone. With a new RBI payment aggregator license, PayU is set to expand further in India's booming digital payments market.
Report: Indian banks need AI, privacy tech for urgent DPDP Act compliance.
A Protiviti report highlights the urgent need for Indian banks to adopt AI and privacy technologies (PETs) to comply with the DPDP Act. As "Significant Data Fiduciaries," banks must implement "privacy-by-design" principles, re-engineer functions like KYC and consent management, and leverage AI for scalable compliance and efficiency. The report stresses continuous adaptation, robust data governance
From Tradition to Innovation: Harpreet Singh’s Journey in Revitalizing a Family Legacy
Harpreet Singh, leading the DPGC Group, has transformed his family’s legacy logistics business into a diversified enterprise, excelling in logistics, finance, and real estate. With resilience and modern strategies, he revived their NBFC, disbursing ₹50 crore in loans and targeting ₹500 crore AUM by 2028. Harpreet’s journey exemplifies innovation while honoring traditional values.
From Private Banking to Building a Financial Services Business Zeherra Mecklai’s Journey
Zeherra Mecklai, founder of Mecklai Wealth's, transitioned from private banking to entrepreneurship, creating a client-focused financial services business. With a commitment to integrity and personalized solutions, she built trust and loyalty with clients. Her journey emphasizes continuous learning, adaptability, and the importance of compliance, positioning Mecklai Wealth's for continued success.