SEBI fined Motilal Oswal Financial Services ₹7 lakh for lapses in margin reporting, incorrect disclosures, and poor complaint management after an inspection of operations from April 2021 to June 2022. The company attributed the violations to technical errors and has since taken corrective measures. SEBI found no evidence of unlawful gains but emphasized the need for compliance.
Trifecta Capital has closed the first round of its ₹2,000 crore Fund-IV, with plans to invest in over 100 startups across fintech, EVs, consumer products, logistics, and tech sectors. The fund includes a ₹500 crore greenshoe option and has already secured nearly half of its target.
PB Fintech, parent of Policybazaar and Paisabazaar, reported a 48% rise in Q3 revenue to ₹1,292 crore and a net profit of ₹72 crore. Insurance premiums processed grew 44% to ₹6,135 crore, while expenses rose 41%. The credit business saw a 20% decline in online disbursals but secured credit showed growth.
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