India

Fintech Brief — March 19, 2026 Today’s Top Stories 1. PhonePe Pauses IPO Plans Citing Market Volatility Walmart-backed PhonePe, India’s largest digital payments platform, has put its IPO plans on hold due to escalating geopolitical tensions in the Middle East and volatile market conditions. The Bengaluru-based company, valued at approximately $12 billion in January 2023, was targeting a market capitalization of around $15 billion in its planned listing, which could have raised up to $1.5 billion. 1 ...

Stock Watch — March 18, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 23,408.80 +172.35 +0.74% Nifty Bank 54,413.40 +462.60 +0.85% FinNifty 25,515.25 +209.40 +0.82% Nifty IT 29,042.55 -281.65 -0.97% Note: Previous close from March 17, 2026. Pre-market data as of 08:25 IST. 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹840.60 +0.57% S: 820, R: 860 ↗️ Slight bullish ICICI Bank ICICIBANK ₹1,272.90 +1.24% S: 1,250, R: 1,300 ↗️ Bullish SBI SBIN ₹1,066.70 -0.19% S: 1,040, R: 1,080 ➡️ Flat Axis Bank AXISBANK ₹1,214.70 +1.10% S: 1,190, R: 1,240 ↗️ Slight bullish Kotak Bank KOTAKBANK ₹369.85 +1.18% S: 360, R: 380 ↗️ Slight bullish 💳 FINTECH — Pure Play Tier B1: Digital Payments & Wallets Company Symbol Prev Close Change % Expectation Paytm PAYTM ₹1,013.80 +0.81% ↗️ Slight bounce Tier B2: Insurance & Credit Marketplaces Company Symbol Prev Close Change % Expectation PB Fintech PBFINTECH — — Data unavailable Tier B3: Payment Infrastructure & Gateways Company Symbol Prev Close Change % Expectation Infibeam Avenues INFIBEAM ₹14.01 +0.43% ➡️ Flat Pine Labs PINELABS — — Not listed NPST NPST — — Not listed Tier B4: Payments Banking & Cards Company Symbol Prev Close Change % Expectation Fino Payments Bank FINOPB ₹140.43 +0.58% ➡️ Recovery SBI Cards SBICARD ₹695.55 -0.24% ➡️ Flat Tier B5: ATM & Cash (Peripheral) Company Symbol Prev Close Change % Expectation AGS Transact ⚠️ AGSTRA ₹3.00 -1.00% ↘️ Under CIRP ⚠️ AGSTRA is under Corporate Insolvency Resolution Process (CIRP) ...

Fintech Brief — March 18, 2026 Today’s Top Stories 1. PhonePe Shelves IPO Amid Global Market Volatility Walmart-backed PhonePe, India’s largest digital payments platform, has paused its IPO plans, citing geopolitical tensions and volatile market conditions. The company, which was targeting a $15 billion valuation, has seen investment bankers suggest lowering expectations to around $9 billion. 1 The Bengaluru-based fintech filed its updated IPO prospectus earlier this year, expecting to raise up to $1.5 billion in what would have been one of India’s largest tech listings. However, escalating Middle East conflicts have rattled global financial markets, with India’s Nifty 50 and BSE Sensex each falling about 9% over the past month. 1 ...

Stock Watch — March 17, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 23,408.80 — — Nifty Bank 54,413.40 — — FinNifty 25,515.25 — — Nifty IT 29,042.55 — — Note: Pre-market data as of 08:15 IST. Markets open at 09:15 IST. 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹840.60 +2.89% S: 820, R: 860 ↗️ Bullish ICICI Bank ICICIBANK ₹1,272.90 +1.44% S: 1,250, R: 1,290 ↗️ Slight bullish SBI SBIN ₹1,066.70 +1.88% S: 1,040, R: 1,080 ↗️ Slight bullish Axis Bank AXISBANK ₹1,214.70 +1.45% S: 1,190, R: 1,230 ↗️ Slight bullish Kotak Bank KOTAKBANK ₹369.85 +0.82% S: 360, R: 375 ➡️ Flat 💳 FINTECH — Pure Play Tier B1: Digital Payments & Wallets Company Symbol Prev Close Change % Expectation Paytm PAYTM ₹1,013.80 +3.85% ↗️ Strong bounce Tier B2: Insurance & Credit Marketplaces Company Symbol Prev Close Change % Expectation PB Fintech PBFINTECH — — Data unavailable Tier B3: Payment Infrastructure & Gateways Company Symbol Prev Close Change % Expectation Infibeam Avenues INFIBEAM ₹16.90 +15.44% ↗️ Strong rally Pine Labs PINELABS — — Not listed NPST NPST — — Not listed Tier B4: Payments Banking & Cards Company Symbol Prev Close Change % Expectation Fino Payments Bank FINOPB ₹140.43 -16.77% ↘️ Sharp decline SBI Cards SBICARD ₹695.55 -1.33% ↘️ Slight weakness Tier B5: ATM & Cash (Peripheral) Company Symbol Prev Close Change % Expectation AGS Transact ⚠️ AGSTRA ₹3.00 -4.76% ↘️ Under CIRP ⚠️ AGSTRA is under Corporate Insolvency Resolution Process (CIRP) ...

Fintech Brief — March 17, 2026 Today’s Top Stories PhonePe Shelves IPO Plans Amid Global Market Volatility Walmart-backed PhonePe, India’s largest digital payments platform, has put its IPO plans on hold citing geopolitical tensions and volatile market conditions, according to sources familiar with the matter. 1 The company, which leads the UPI ecosystem in transaction volumes, was reportedly considering a valuation of around $9 billion according to investment bankers, significantly lower than earlier expectations. In February 2026, PhonePe processed approximately 9.3 billion transactions worth roughly ₹13.1 trillion (about $141.9 billion), compared with Google Pay’s 6.8 billion transactions worth around ₹9 trillion (around $97.8 billion), according to NPCI data. 1 ...

Stock Watch — March 16, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 23,151.10 0.00 0.00% Nifty Bank 53,757.85 0.00 0.00% FinNifty 25,138.65 0.00 0.00% Nifty IT 29,071.25 0.00 0.00% Note: Pre-market data as of 08:20 IST. Markets to open at 09:15 IST. 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹816.70 -0.04% S: 810, R: 825 ➡️ Flat ICICI Bank ICICIBANK ₹1,255.00 +0.02% S: 1,245, R: 1,270 ➡️ Flat SBI SBIN ₹1,046.00 -0.10% S: 1,035, R: 1,060 ↘️ Slight weakness Axis Bank AXISBANK ₹1,199.10 +0.15% S: 1,185, R: 1,215 ↗️ Slight bullish Kotak Bank KOTAKBANK ₹367.10 +0.07% S: 362, R: 375 ➡️ Flat 💳 FINTECH — Pure Play Tier B1: Digital Payments & Wallets Company Symbol Prev Close Change % Expectation Paytm PAYTM ₹977.00 +0.08% ↗️ Slight bounce Tier B2: Insurance & Credit Marketplaces Company Symbol Prev Close Change % Expectation PB Fintech PBFINTECH — — Data delayed Tier B3: Payment Infrastructure & Gateways Company Symbol Prev Close Change % Expectation Infibeam Avenues INFIBEAM ₹14.15 -3.35% ↘️ Under pressure Pine Labs PINELABS — — Not listed NPST NPST — — Not listed Tier B4: Payments Banking & Cards Company Symbol Prev Close Change % Expectation Fino Payments Bank FINOPB ₹169.10 +0.23% ↗️ Slight bullish SBI Cards SBICARD ₹702.50 -0.34% ↘️ Slight weakness Tier B5: ATM & Cash (Peripheral) Company Symbol Prev Close Change % Expectation AGS Transact ⚠️ AGSTRA ₹3.13 -0.63% ↘️ Under CIRP ⚠️ AGSTRA is under Corporate Insolvency Resolution Process (CIRP) ...

Fintech Brief — March 16, 2026 Today’s Top Stories 1. India’s Neobank Fi Winds Down Banking Services After Serving 3.5 Million Customers India’s neobank Fi is discontinuing its banking services on the platform more than four years after launching them in partnership with Federal Bank. The fintech, founded in 2019 by former Google Pay India executives Sujith Narayanan and Sumit Gwalani, has served over 3.5 million customers and processed more than one billion transactions through its platform. ...

Fintech Brief — March 15, 2026 Today’s Top Stories 1. India’s Neobank Fi Discontinues Banking Services India’s neobank Fi is discontinuing banking services on its platform more than four years after launching them in partnership with Federal Bank. Customers who opened accounts through the Fi app received emails stating that banking services will soon be discontinued, directing them to access their savings accounts through Federal Bank’s mobile app. Founded in 2019 by former Google Pay India executives Sujith Narayanan and Sumit Gwalani, Fi launched its app-based banking service in partnership with Federal Bank in 2021 to offer digital savings accounts and money management tools aimed at younger users. Federal Bank confirmed the partnership ending as part of “business re-alignment,” with new users no longer able to open savings accounts through the Fi app. 1 ...

Fintech Brief — March 14, 2026 Today’s Top Stories 1. India’s Neobank Fi Discontinues Banking Services India’s neobank Fi is winding down its banking services on the platform, marking a significant shift in the country’s digital banking landscape. The company, founded in 2019 by former Google Pay India executives Sujith Narayanan and Sumit Gwalani, launched its app-based banking service in partnership with Federal Bank in 2021 to offer digital savings accounts and money management tools aimed at younger users. ...

CashlessWatch Stock Market Summary — March 13, 2026 Data Status: Pre-market — Market opens 9:15 AM IST Timestamp: 08:15 AM IST Market Status: Weak global cues, oil surge continues 📊 Indices — Previous Day Close (March 12) Index Prev Close Change % Change Nifty 50 23,639.15 -227.70 🔴 -0.95% Nifty Bank 55,100.95 -634.80 🔴 -1.14% FinNifty 25,663.20 +2,128.00* 🟢 +9.04%* Nifty IT 29,579.45 +129.45* 🟢 +0.44%* SGX Nifty ~23,400* - 🔴 ~-1.0%* *Estimated based on available data; SGX Nifty unavailable at time of writing ...