Daily Indian Fintech & Banking Brief – 5 March 2026
PhonePe still plans an April IPO at a $9-10.5 billion valuation while Walmart trims about 12% of its stake, Tiger Global and Microsoft look to exit, and the company hopes to raise roughly $1.05 billion even as it waits for market and geopolitical cues. Read more: Economic Times
Moneyview filed a DRHP for a Rs 1,500 crore fresh issue plus an offer-for-sale, citing Rs 2,379 crore of FY25 revenue, Rs 240 crore of net profit, and stronger 9MFY26 results, and saying the proceeds will back Default Loss Guarantee loans, beef up Whizdm Finance and cover general corporate purposes. Read more: Economic Times
ETBFSI research sees ICICI Bank, HDFC Bank and SBI leading FY27 margin recovery as fresh loan yields jumped in January, term deposit costs eased, credit growth steadied at 13.7% year-on-year, and asset quality plus funding comfort stay solid. Read more: ETBFSI