Digital payments platform MobiKwik has received regulatory approval to operate as a non-banking financial company (NBFC), marking a significant milestone in its evolution into a full-fledged financial services provider. The licence enables the company to establish a dedicated lending arm, broadening its ability to design and distribute credit products across consumer and merchant segments. The swift approval process underscores regulatory confidence in the firm’s governance and operational framework.

AU Small Finance Bank delivered a strong financial performance in the fourth quarter, driven by solid growth in net interest income and improved margins. The bank reported a notable rise in total income alongside expansion in net interest margin, signaling enhanced operational efficiency and lending strength. Despite a higher base in the previous year, quarterly profit remained resilient, while full-year earnings registered a significant increase.

India’s capital markets regulator has taken decisive enforcement action against a network of individuals and entities involved in alleged insider trading practices. The Securities and Exchange Board of India (Sebi) found that confidential trading information was misused to generate unlawful profits through coordinated trades across multiple accounts. The regulator has imposed penalties and directed the recovery of illicit gains amounting to Rs 1.29 crore, along with interest, reinforcing its commitment to market integrity.

Punjab & Sind Bank reported a year-on-year decline in net profit for the latest financial period, reflecting pressure on core income streams despite notable improvements in asset quality. The lender’s total and interest income both registered a contraction, signaling a challenging operating environment for public sector banks. However, the bank made meaningful progress in reducing bad loans, with both gross and net non-performing assets showing a steady decline.

Axis Bank reported a marginal decline in standalone net profit for the March quarter, reflecting pressure on margins despite steady loan growth. Net profit slipped to Rs. 7,071.31 crore from Rs. 7,117.50 crore a year earlier. While core net interest income rose 5 percent to Rs. 14,457 crore, supported by a 19 percent increase in advances, a 0.35 percent contraction in net interest margin to 3.62 percent weighed on profitability. Non-interest income declined 11 percent year-on-year, while the bank set aside Rs.

Paytm has received a strong endorsement from global brokerage Bernstein, which reiterated its “Outperform” rating and set a price target of Rs. 1,500, implying a potential upside of approximately 31 percent. The brokerage emphasized that recent regulatory developments concerning Paytm Payments Bank Limited (PPBL), including the cancellation of its license, are unlikely to materially affect Paytm’s broader operations.

Axis Bank reported a marginal rise in consolidated net profit for the March quarter, reflecting a cautious financial stance amid global uncertainties. Earnings were weighed down by a significant Rs 2,001 crore provision linked to potential risks arising from the West Asia conflict. While the bank recorded steady growth in advances and a moderate increase in net interest income, pressure on margins and a decline in non-interest income limited overall profitability.

Amba Auto Sales and Services has announced the launch of its initial public offering (IPO), aiming to raise Rs. 65.12 crore through a fresh equity issue. The offering will open for subscription on April 27 and close on April 29, with shares priced in the range of Rs. 130 to Rs. 135 per share. The IPO, listed on the NSE Emerge platform, comprises 48.24 lakh equity shares of face value Rs. 10 each.

Gold and silver prices are expected to face selling pressure in the coming holiday-shortened trading week as global investors closely monitor geopolitical developments and macroeconomic signals. Market participants are tracking ongoing diplomatic engagement between the United States and Iran, movements in crude oil prices and the upcoming policy decision by the US Federal Reserve. These factors are likely to influence investor sentiment and safe-haven demand for precious metals.

India’s residential real estate market is witnessing a structural shift, with affordable housing sales declining sharply in early 2026 even as premium segments continue to gain traction. Data indicates a 23 percent year-on-year drop in homes priced below Rs 50 lakh across major urban centers, driven largely by constrained supply and rising input costs. Mid-income housing has also softened, signaling broader demand recalibration.