PhonePe’s FY26 revenue grows to ₹7,920 crore

PhonePe also continues to receive strong corporate backing from major global institutional investors, with Walmart (via WM Digital Commerce Holdings Pte Ltd) retaining a dominant 73.33% stake. File | Photo Credit: The Hindu Demonstrating strong top-line momentum, PhonePe’s consolidated revenue from operations rose to ₹7,920 crore in FY26, according to regulatory filings with the Registrar…

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Common customer ID for banks, insurers soon; mutual funds to follow

The Reserve Bank of India, the Securities and Exchange Board of India and the insurance regulator, are jointly executing the Central Know-Your-Customer 2.0 project. File | Photo Credit: Reuters Banks and insurers will launch a common ​customer identification system in August, with asset managers joining later, two regulatory sources ⁠and industry executives said, allowing customers…

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