New PAN Card Applications, Tatkal Train Ticket Booking will need Aadhaar Verification update Starting July 1, 2025

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New Delhi | July 2, 2025 —
A sweeping set of financial rule changes affecting Aadhaar verification, PAN applications, tax filing deadlines, credit card usage, ATM charges, and more have officially come into effect across India as of July 1, 2025. These regulatory updates are expected to influence taxpayers, bank customers, train passengers, and digital financial users nationwide.

Here is a detailed breakdown of all the changes, including the critical Aadhaar Verification update that every Indian citizen should be aware of:

1. Aadhaar Verification Update: PAN Application Now Requires Aadhaar

The Aadhaar Verification update issued by the Central Board of Direct Taxes (CBDT) has made it mandatory to link Aadhaar with PAN for all new PAN card applications.

  • Applicants must provide Aadhaar at the time of PAN application.

  • Previously accepted IDs like a driving license or birth certificate are no longer sufficient.

  • Existing PAN holders are also required to complete the Aadhaar verification update by December 31, 2025.

  • Failure to comply may result in PAN deactivation, which can disrupt financial transactions, income tax filings, and access to banking services.

This Aadhaar Verification update aligns with the government’s push for greater transparency and unified identity systems.

2. Aadhaar Verification Now Required for Tatkal Train Bookings

As part of the expanded Aadhaar Verification update, Indian Railways now requires Aadhaar authentication for booking Tatkal train tickets, whether online or at physical counters.

  • Starting July 15, Indian Railways will introduce two-factor authentication (2FA) for all ticket bookings.

  • This will involve an OTP sent to the registered mobile number, further strengthening the identity verification process.

Fare Revisions Also Announced:

  • Non-AC Coaches: Fare increase of 1 paisa per km

  • AC Coaches: Fare increase of 2 paise per km

These changes are aimed at enhancing passenger security and reducing booking fraud under the broader Aadhaar Verification update framework.

3. ITR Filing Deadline Extended: More Time for Taxpayers

In a relief to salaried individuals, the CBDT has extended the Income Tax Return (ITR) filing deadline from July 31 to September 15, 2025.

  • This allows an additional 46 days to complete the return filing process.

  • However, taxpayers who are ready with their documentation are encouraged to file early to avoid potential issues with overloaded portals as the deadline nears.

This extension complements the Aadhaar Verification update, ensuring a seamless tax filing experience where PAN-Aadhaar linkage is now a prerequisite.

4. Major Credit Card Rule Changes: SBI, HDFC, and ICICI Revise Charges

Significant updates are now in effect across multiple banks, changing how customers are charged for credit card usage and rewards.

SBI Credit Cards:

  • Discontinuation of air accident insurance on SBI Elite, Miles Elite, and Miles Prime.

  • New Minimum Amount Due (MAD) calculation method rolled out.

HDFC Credit Cards:

  • 1% transaction fee (capped at Rs. 4,999) on:

    • Rent payments

    • Digital wallet loads above Rs. 10,000

    • Online gaming transactions above Rs. 10,000

    • Utility bill payments over Rs. 50,000 (excluding insurance)

This change is in line with the financial discipline goals set forth alongside the Aadhaar Verification update, aiming to improve digital accountability.

ICICI Bank Charges:

  • First 5 ATM withdrawals are free; then Rs. 23 per withdrawal

  • IMPS charges revised: Rs. 2.5–Rs. 15 based on the amount

  • Cash deposit charges apply over Rs. 1 lakh/month

  • International ATM usage:

    • Rs. 125 per cash withdrawal

    • Rs. 25 for non-financial

    • 3.5% currency conversion

5. Axis Bank Increases ATM Charges

Effective July 1, Axis Bank has updated ATM withdrawal charges for:

  • Savings

  • NRI

  • Trust

  • Priority

  • Burgundy account holders

After the free monthly withdrawal limit, customers will now be charged Rs. 23 per out-of-network ATM transaction.

These changes reflect an industry-wide shift in transaction monitoring and compliance, in parallel with the broader Aadhaar Verification update.

6. Delhi Bans Fuel for End-of-Life (EoL) Vehicles Using Aadhaar-Linked Tech

In an air quality initiative, Delhi has enforced a fuel ban on overaged vehicles from July 1.

  • ANPR (Automated Number Plate Recognition) cameras are now active at 520 fuel stations in Delhi.

  • These systems cross-check registration details with the VAHAN database, identifying vehicles unfit for use.

  • Those flagged will be denied fuel service.

The data integration and enforcement process is part of a larger ecosystem driven by Aadhaar-linked digital identity verification, mirroring the goals of the Aadhaar Verification update in other domains.

7. Railway Waitlist Charting to be Finalized Earlier

To assist passengers in planning their travel, Indian Railways will now finalize waitlist charts eight hours before train departure instead of the previous four-hour window.

This change gives waitlisted passengers more time to make alternate arrangements, improving overall travel flexibility.

This update, though logistical, also benefits from the digitized passenger verification systems being bolstered by the Aadhaar Verification update across the railway network.

8. RBI Extends Call Money Market Hours

The Reserve Bank of India has extended interbank call money market trading hours:

  • New timing: 9:00 AM to 7:00 PM IST

  • Earlier: 9:00 AM to 5:00 PM IST

This change allows more liquidity and operational flexibility for banks, supporting faster reconciliations in a time when digital verification and compliance—such as the Aadhaar Verification update—are becoming the norm.

9. GSTR-3B Returns Locked After Filing

From July onwards, once the GSTR-3B return is filed, it becomes non-editable.

  • Returns will now be auto-populated using GSTR-1/1A data.

  • Businesses must ensure that all data is accurate before final submission.

With compliance becoming more data-dependent, this aligns with the Aadhaar-based standardization initiatives, echoing the government’s broader Aadhaar Verification update strategy.

Final Note: Why the Aadhaar Verification Update Matters Now More Than Ever

The Aadhaar Verification update is not an isolated change but part of a nationwide shift toward digital identity, unified compliance, and secure financial practices.

From PAN applications to rail travel, fuel purchases, and taxation, Aadhaar verification is now deeply integrated into India’s financial and civic systems.

Citizens are urged to immediately ensure their Aadhaar details are linked wherever required to avoid disruptions in services or financial penalties.

For the latest updates, expert guidance, and Aadhaar-PAN linking assistance, visit:
🔗 https://creditsamadhaan.com

News On Anupam Mittal | Relief for Anupam Mittal as Supreme Court Puts Cheating Case on Hold

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In a significant relief for Shaadi.com founder and Shark Tank India judge Anupam Mittal, the Supreme Court of India on Thursday stayed criminal proceedings initiated against him and the matchmaking platform in a case involving allegations of cheating and identity negligence. This development has become a top news on Anupam Mittal, especially given his public image and influence in India’s startup ecosystem.

The case stems from a complaint filed by a woman in Telangana, who alleged that a man she met on the Shaadi.com platform defrauded her of ₹10 lakh and later threatened to misuse her personal photographs. The complainant accused the platform of failing to adequately verify the man’s identity, thereby enabling the fraud—sparking widespread interest and updates in news on Anupam Mittal across media platforms.

Background of the Case

Initially, the complaint did not name Anupam Mittal directly. However, during the course of the investigation, Mittal’s name was added on grounds of alleged platform negligence, suggesting that the company, under his leadership, failed to ensure user safety and allowed the fraudulent account to operate. This turn of events quickly escalated coverage of the story, making it one of the most discussed news on Anupam Mittal in recent times.

The woman claimed that the accused, posing as a prospective match, gained her trust via the platform and subsequently defrauded her of a substantial amount. After monetary exchanges, the man reportedly issued threats involving misuse of her photos, intensifying the severity of the complaint—and further fueling viral news on Anupam Mittal and his legal battle.

Platform’s Defense: Intermediary Protection

Anupam Mittal approached the Supreme Court after the Telangana High Court declined to quash the FIR and refused to discharge him from the case. His legal team argued that the platform acts merely as an intermediary, facilitating connections between consenting adults and cannot be held responsible for actions taken independently by users once they move outside the platform.

Counsel representing Mittal highlighted that the accused man had verified his Shaadi.com account using a mobile OTP, but had not uploaded a government-issued ID, which was clearly indicated on his profile. Therefore, the woman had engaged with him voluntarily, despite this visible disclaimer. These arguments are now central to all updates in news on Anupam Mittal being covered by national and digital media.

“It is unfair to hold the founder criminally liable for the actions of a third party, especially when the platform makes efforts to distinguish between verified and unverified users,” the counsel submitted.

Supreme Court’s Interim Relief

A bench comprising Justice Sandeep Mehta and Justice Joymalya Bagchi passed the interim order staying the proceedings against Anupam Mittal and the company. The court also issued notice to the Telangana Police, seeking a formal response regarding the legal basis of the allegations and the extent of platform liability. This interim relief has brought a temporary halt to the legal proceedings, but it continues to remain top news on Anupam Mittal.

While the bench refrained from commenting on the merits of the case at this stage, it observed that questions surrounding intermediary responsibility in digital platforms require careful legal consideration, especially in an era of rising online frauds and cyber crimes.

Legal Implications: The Bigger Picture

This case is likely to have broader ramifications for digital platforms operating in India, particularly those dealing with user-generated content and personal interactions. It touches upon the scope of Section 79 of the Information Technology Act, which provides a “safe harbor” to intermediaries from liability arising out of third-party content or actions, provided they follow due diligence.

Legal experts note that while platforms are expected to implement safeguards and verification processes, absolute accountability for user behavior is a complex legal and ethical territory. As a result, legal analysts continue to dissect this event through the lens of growing news on Anupam Mittal, examining its impact on India’s tech industry.

“The law is evolving in how it treats intermediaries in such cases. The challenge is to strike a balance between user safety and platform immunity,” said a Delhi-based cyber law expert, while commenting on the latest news on Anupam Mittal.

Public Reactions and Industry Watch

The news has sparked a wave of responses online, especially because Anupam Mittal is a public figure well-known for his role as a judge on Shark Tank India and for building one of India’s earliest matrimonial platforms. His legal ordeal has dominated headlines, with updates appearing under trending news on Anupam Mittal across digital and television platforms.

Supporters argue that the incident was an unfortunate case of personal deceit, and blaming a platform founder directly could set a dangerous precedent for digital companies. Critics, however, insist that platforms must take stronger steps to verify users before allowing them access to potentially vulnerable individuals.

What Lies Ahead

With the Supreme Court’s stay, the immediate legal pressure on Anupam Mittal has eased, but the case remains under scrutiny. The response from Telangana Police and the eventual judgment on intermediary responsibility will determine whether Shaadi.com and Mittal are held accountable for the actions of a user. As such, this ongoing legal journey will continue to generate major news on Anupam Mittal in the days and weeks ahead.

For now, the case highlights the increasing intersection of law, technology, and personal safety—and serves as a crucial test of how Indian courts interpret platform liability in the digital age. Every step forward will likely be tracked as key developments in news on Anupam Mittal, making it one of the most closely watched legal tech stories of 2025.

SBI Can Cancel Bank Job If You Have a Poor CIBIL Score, Accepts Madras High Court

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A Court-Backed Wake-Up Call for All Bank Job Aspirants in India

In a landmark judgment that is sending shockwaves across the banking job aspirant community, the Madras High Court has upheld the State Bank of India (SBI)’s decision to cancel the appointment of a selected Circle Based Officer (CBO) candidate—due to a poor CIBIL score.

This ruling has set a legal precedent, affirming that a poor CIBIL score is a legitimate and lawful ground for rejection, even after a candidate clears all stages of exams and interviews.

This is not just one case—it could impact thousands of careers across India’s public sector banking landscape.

The Background: Qualified Candidate, Disqualified Credit Score

The candidate had successfully cleared SBI’s multi-stage recruitment process for the prestigious CBO role:

  • Written examination

  • Interview

  • Document verification

However, a final check of the candidate’s CIBIL credit report revealed several red flags:

  • Multiple loan defaults

  • Over ten hard inquiries in a short time

  • An overall poor CIBIL score

Invoking Clause 1(E) of its recruitment policy—which disqualifies candidates with a poor credit history—SBI cancelled the job offer. The candidate legally challenged the decision.

The Verdict: Poor Financial History = Valid Disqualification

The case went to the Madras High Court, where Justice N. Mala ruled in favor of SBI, stating that financial indiscipline is a valid reason to deny appointment.

The court emphasized:
“A person who cannot manage personal finances cannot be trusted with public money.”

This statement reinforces a powerful new message: a poor CIBIL score reflects professional risk, not just personal irresponsibility.

Why This Matters: Poor CIBIL Score is Now a Career Barrier

This judgment confirms something that was already happening quietly in recruitment circles:
A poor CIBIL score is now a professional disqualifier in the banking sector.

Key Implications:

  1. CIBIL checks are now standard in final recruitment stages.

  2. IBPS and most PSBs require a CIBIL score of 650 or above.

  3. Even a poor CIBIL score unrelated to fraud or crime can disqualify you.

  4. The court ruling gives this practice legal validity across India.

Poor CIBIL Score: The New Hidden Career Risk

Until recently, most candidates viewed the CIBIL score as only relevant to loan approvals. But now, it’s clear:
A poor CIBIL score can end your banking career before it even begins.

Banks are now actively:

  • Pulling full CIBIL reports

  • Checking for defaults, settlements, missed EMIs

  • Rejecting candidates with scores below 650 or negative remarks

Whether you’re applying to SBI, IBPS, or even private sector banks, a poor CIBIL score is seen as a signal of financial unreliability.

Who Is at Risk?

You could have a poor CIBIL score even without major loans. Common reasons include:

  • Late credit card payments

  • Unpaid education loans

  • Multiple loan or card applications in a short time

  • Settled or written-off loans

  • Dormant loan disputes

Even one old unresolved issue could drop your score below 650 and land you in the poor CIBIL score category—unfit for bank jobs.

How to Prevent Rejection Due to Poor CIBIL Score

Here are 5 urgent steps to protect your career:

1. Check Your CIBIL Score Regularly
Stay updated on your report. Monitor for errors and take corrective steps if your score falls below 700.

2. Pay EMIs and Dues on Time
The most common reason for a poor CIBIL score is missed payments. Even one late EMI can hurt.

3. Don’t Apply for Multiple Loans
Each application triggers a hard inquiry. Too many in a short time can worsen your profile.

4. Resolve Past Defaults or Settlements
Old issues—even settled ones—can contribute to a poor CIBIL score if not closed properly.

5. Be Transparent in Recruitment Forms
Don’t hide your financial history. Banks do their own CIBIL checks and may reject your offer if undisclosed issues surface.

Final Thought: Your Credit Score is Now a Job Eligibility Metric

The Madras High Court’s ruling confirms that a poor CIBIL score is more than just a number—it is a valid reason to lose your job offer. This marks a shift in how candidates are evaluated: personal financial behavior is now as important as exam performance.

Even if you ace the written exam and perform well in the interview, a poor CIBIL score can be the only reason you don’t get the job.

In Indian banking, financial integrity is professional credibility.

Need Help Fixing Your Poor CIBIL Score?

If you’re preparing for SBI, IBPS, RBI, or private banking jobs and worried about a poor CIBIL score, don’t wait.

Credit Samadhaan helps you:

  • Dispute incorrect entries

  • Close or settle old accounts properly

  • Improve your credit profile

  • Get your score back above 650 in the right way

Visit www.creditsamadhaan.com to consult an expert and start rebuilding your financial reputation—before your CIBIL score blocks your job offer.

Banks can reject job applicants with poor CIBIL scores

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New Delhi – In a landmark decision that could change the future of banking recruitment in India, the Delhi High Court has ruled that banks can reject job applicants with poor CIBIL scores, reinforcing the increasing importance of maintaining a clean financial record — not just for loan eligibility, but also for employment.

This news has sent ripples across the job market, especially among young aspirants preparing for public sector bank exams. With this decision, financial credibility is no longer just a loan criterion — it’s now a career gatekeeper.

The Incident: When a Job Offer Was Denied Due to Bad Credit

The case that triggered this legal validation involves a candidate who was selected for the Junior Associate post at the State Bank of India (SBI). Despite successfully clearing the written examination and interview, the bank cancelled the offer after conducting a background check that revealed a low CIBIL score and a history of loan defaults.

The candidate challenged the decision in the Delhi High Court, arguing that their personal financial matters should not affect their professional opportunity, especially after clearing all the official selection stages.

However, the court dismissed the plea, stating that:

“A person who is financially undisciplined cannot be trusted with the responsibility of handling public funds. Banks have every right to ensure that their employees uphold financial integrity both professionally and personally.”

Why CIBIL Score Is Now a Hiring Criterion

This judgment has far-reaching implications. It officially links personal creditworthiness with professional suitability, especially for roles in the financial and banking sector. According to SBI and many other financial institutions:

  • Employees in banks deal with sensitive financial data and money handling.

  • An employee with a history of defaults, unpaid loans, or poor credit behaviour may pose a risk to the institution’s financial reputation and internal controls.

  • Hence, a background check that includes CIBIL score is not only justified but necessary.

This may set a precedent for all future public and private sector recruitments in the finance industry.

What Is a CIBIL Score, and Why Does It Matter So Much?

The CIBIL score, ranging from 300 to 900, is a numeric summary of a person’s credit history. A score above 750 is generally considered excellent, while anything below 600 raises red flags.

Banks use this score to assess:

  • Loan eligibility

  • Repayment behaviour

  • Financial discipline

  • Trustworthiness

Now, employers — particularly in finance — are treating CIBIL score as an indicator of character and decision-making ability.

Future Implications for Job Seekers

The court’s ruling indicates a possible shift in how background checks are conducted in India. Candidates applying for jobs in banking, NBFCs, insurance companies, and even fintech may soon face CIBIL verification as part of the recruitment process.

This makes it absolutely essential for job seekers to start taking their credit health seriously. While most candidates focus solely on competitive exams and interviews, they may be unaware that a poor credit record can silently sabotage their chances.

Lessons for Aspiring Bankers & Financial Professionals

If you’re planning to join the banking or financial industry, here are a few key takeaways:

  1. Monitor Your Credit Score Regularly – Use free tools or visit CreditSamadhaan.com to check your CIBIL score regularly.

  2. Avoid Loan Defaults – Even a minor default can reflect negatively and stay on your record for years.

  3. Clear Past Dues – If you’ve had missed EMIs or credit card payments, clear them and request updates with the credit bureau.

  4. Maintain Financial Discipline – Keep your credit utilization ratio low, avoid multiple loan applications, and build a good repayment track record.

Struggling with a Low CIBIL Score? Credit Samadhaan Can Help!

At Credit Samadhaan, we understand that not everyone has perfect credit — and life happens. Whether it’s due to job loss, medical emergencies, or unforeseen expenses, your credit score can take a hit. But that doesn’t mean your career should suffer too.

Our CIBIL score improvement experts offer:

  • Personalized credit repair strategies

  • Dispute resolution with credit bureaus

  • Guidance on settling or restructuring old debts

  • Regular monitoring and progress tracking

Take control of your credit before it controls your future.

📞 Contact Credit Samadhaan today or visit www.creditsamadhaan.com to speak to an expert and start your journey toward credit freedom and career success.

Stay informed with the latest updates in finance, careers, and credit only on CreditSamadhaan.com

NPCI Posts ₹1,552 Cr Net Surplus in FY25, Driven by UPI & Digital Payments Boom

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Mumbai, June 26, 2025 | Credit Samadhaan News Desk — The National Payments Corporation of India (NPCI), the driving force behind India’s digital payments revolution, has reported a massive 41.7% year-on-year rise in its net surplus, reaching ₹1,552 crore for the financial year 2024–25, according to the latest update from credit rating agency ICRA.

While NPCI operates as a not-for-profit organization, it refers to profits as “revenue surplus” — a distinction that reflects its unique operational model within India’s financial infrastructure.

Key Financial Highlights (FY25):

  • Net Surplus (Revenue Surplus): ₹1,552 crore
    ↳ Up from ₹1,095 crore in FY24 (41.7% increase)

  • Standalone Revenue: ₹3,270 crore
    ↳ Compared to ₹2,749 crore in FY24 (19% increase)

  • Net Worth as of March 31, 2025: ₹6,412 crore
    ↳ Boosted by strong internal accruals and healthy cash flows

The Business Behind UPI: How NPCI Earns Despite Being Non-Profit

Founded in 2008 by the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA), NPCI operates the backbone of India’s digital payment systems. Its platforms include:

  • Unified Payments Interface (UPI) – The real-time mobile-based payment platform

  • Immediate Payment Service (IMPS) – 24×7 fund transfer facility

  • Aadhaar Enabled Payment System (AePS) – Biometric banking access for rural India

  • Bharat Bill Payment System (BBPS) – A unified platform for bill payments

  • National Common Mobility Card (NCMC) – A one-card solution for travel and payments

Despite its non-profit status, NPCI earns fees from partner banks and financial institutions that use its infrastructure. A percentage of the transaction value processed across its systems goes toward operational and surplus revenues, which then get reinvested into scaling, security, and innovation.

The UPI Effect: Fueling India’s Digital Economy

Much of NPCI’s revenue surge is attributed to the meteoric rise of UPI, which has become India’s most preferred mode of payment — surpassing credit cards, debit cards, and wallets. With over 14 billion transactions per month, UPI has played a pivotal role in pushing India toward a cashless economy.

ICRA’s report also highlights the increasing volume and value of transactions, especially in Tier 2 and Tier 3 cities, as a major growth driver for NPCI’s financial performance.

What This Means for India’s Fintech Ecosystem

  • For Consumers: Greater confidence in digital payments, improved access in rural regions

  • For Banks: More robust infrastructure and reduced dependency on legacy systems

  • For Startups: Opportunities to build on top of NPCI’s stack (e.g., UPI-based apps, lending platforms)

  • For Policy Makers: A benchmark example of how public infrastructure can drive innovation and financial inclusion

NPCI’s solid financials will likely allow for continued innovation, global UPI expansion pilots (like in Singapore, UAE, France), and deeper fintech collaborations in the coming fiscal year.

Expert View:

“NPCI has redefined how digital payments work in a country as diverse and vast as India. Its ability to grow revenue and surplus while staying not-for-profit shows the power of ecosystem thinking in financial services,”
— Sandeep Garg, Fintech Analyst, Mumbai

 Final Thoughts

NPCI’s performance reflects the maturity of India’s digital payment landscape and its potential for further global impact. With UPI 2.0, credit on UPI, and international collaborations on the horizon, FY26 may prove to be even more transformative for NPCI and India’s position in the global fintech narrative.

📌 Read more stories on India’s credit ecosystem, digital finance, and fintech regulation only on CreditSamadhaan.com

Disclaimer

This article is published for informational purposes only. Credit Samadhaan does not provide investment, legal, or financial advice. The views expressed are based on publicly available information and may be subject to change. Readers are advised to consult professional advisors before making any financial decisions.

© 2025 Credit Samadhaan. All rights reserved.

Lenskart Breaks the Norm: Plans $1 Billion IPO with Public DRHP Filing, Snubs Confidential Route Taken by Startup Peers

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India’s eyewear giant takes a bold, transparent step toward public listing, challenging the secrecy trend followed by other startups like Swiggy and Meesho

New Delhi | June 26, 2025
India’s most recognized eyewear brand, Lenskart, co-founded and led by Peyush Bansal — the visionary entrepreneur and popular Shark Tank India judge — is preparing to file its Draft Red Herring Prospectus (DRHP) publicly with the Securities and Exchange Board of India (SEBI) in July 2025, according to a report by Moneycontrol.

This move marks a major departure from the strategy adopted by many modern Indian startups, including Swiggy, Groww, boAt, PhysicsWallah, and Meesho, who have chosen to file their IPO documents confidentially in recent months.

A Bold Public Debut Under Peyush Bansal’s Visionary Leadership

Peyush Bansal, known for his sharp business acumen and candid personality on Shark Tank India, has long been seen as a disruptor in India’s retail and e-commerce landscape. Under his leadership, Lenskart has transformed from an online eyewear seller into a global omnichannel D2C eyewear powerhouse with a presence in over 10 countries.

Bansal’s decision to opt for a public DRHP filing reflects his long-standing philosophy of building with trust and transparency. In an environment where startups often avoid early public scrutiny, Lenskart’s approach underscores its readiness to be held to global standards of accountability and investor communication.

Public vs Confidential DRHP: A Game-Changing Decision

The confidential filing route, introduced in India in 2022, allows companies to submit their draft IPO papers privately, giving them the flexibility to revise documents and withhold sensitive data until later stages. While this approach is intended to protect competitive information, it also delays investor insight.

In contrast, Lenskart’s public filing will make its entire DRHP immediately available for public review. This transparent approach not only signals maturity but also instills confidence among retail and institutional investors.

The Big Numbers: What Lenskart’s IPO Looks Like

Lenskart is reportedly targeting a $1 billion IPO at an estimated valuation of $10 billion, making it one of the largest public issues by a consumer tech company in India’s recent history.

To power this high-stakes listing, Lenskart has appointed a stellar lineup of investment bankers:

  • Kotak Mahindra Capital

  • Axis Capital

  • Citigroup (Citi)

  • Morgan Stanley

  • Avendus Capital

This consortium is expected to steer both the domestic and global investor outreach for the offering.

Financials: A Growth Story with Minor Hiccups

Despite its strong brand presence and expanding international footprint, Lenskart reported a loss of ₹10 crore in FY24, even though its revenues hit an impressive ₹5,427 crore. This shift into the red follows previous years of profitability and may raise some investor questions ahead of the IPO.

As of now, the company has not publicly disclosed its FY25 financials, but the upcoming DRHP will be expected to shed light on its current fiscal health, business model, risk outlook, and future growth plans.

What Makes This IPO So Significant?

Lenskart’s public filing decision is more than just a regulatory formality — it’s a strategic statement. In an ecosystem where most startups are treading cautiously, Lenskart is signaling that it’s IPO-ready in every sense — structurally, financially, and culturally.

Its move is being closely watched by market analysts, venture capitalists, and policy advisors alike as a barometer of public trust in India’s consumer tech sector. Moreover, the listing will serve as a case study for other Indian unicorns contemplating public listings amidst volatile market conditions.

 Industry Reactions

“Lenskart is not just opening its books; it’s opening a new chapter for startup IPOs in India. This level of transparency, especially from a D2C brand, is both rare and refreshing,” said a senior analyst at a leading domestic brokerage.

“Peyush Bansal has always been ahead of the curve — this is yet another example of his forward-thinking leadership,” remarked a venture capitalist who has followed Lenskart since its early days.

What’s Next?

With the DRHP expected to be publicly filed in July 2025, all eyes will be on the finer details:

  • Revenue breakdown by channel

  • International market growth strategy

  • Customer acquisition costs

  • Profitability timelines

  • Utilization of IPO proceeds

If Lenskart manages to strike the right balance between vision and valuation, this IPO could become a milestone moment in the history of Indian consumer IPOs.

Disclaimer

This news article is published by CreditSamadhaan.com for general informational purposes only. The content is based on publicly available information and industry reports. It does not constitute financial advice or a recommendation to buy, sell, or invest in any securities.

Readers are encouraged to do their own research or consult a registered financial advisor before making any investment decisions.

Stay updated with the latest in credit health, finance, and Indian startup news at www.CreditSamadhaan.com

“Till 40, My Wife Funded Our Home”: Aman Gupta Opens Up About Struggles, Sacrifices & the Real Cost of Entrepreneurship

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In a brutally honest conversation, boAt co-founder and Shark Tank India judge Aman Gupta reveals the untold story of sacrifice, sleepless nights, and the woman who held his world together.

When we see Aman Gupta on Shark Tank India, what we usually notice is the sharp business acumen, confident pitches, and charismatic presence. But behind that big smile and booming voice lies a story that rarely gets told—a story of struggle, sacrifice, and a man who risked everything to chase his dream.

In a recent YouTube podcast hosted by Prakhar Gupta, Aman bared his soul in a way fans had never seen before. It wasn’t just about funding startups or scaling boAt to a billion-dollar brand—it was about the deeply personal journey that powered his rise. And perhaps the most striking part of his story? The quiet strength of his wife, who financially supported the household for years while he built his dream from the ground up.

“Till I Was 40, My Wife’s Salary Ran the Household”

In a moment of raw vulnerability, Aman confessed:

“Till I was 40, meri wife ke paise se ghar chalta tha. I’m a very hardworking guy, but I’ve seen the ups and downs in life. I’ve burnt the midnight oil and everything to be where I am today.”

These words, simple yet deeply powerful, have resonated with thousands online. Aman’s story is not just one of hustle—it’s about humility, gratitude, and the often invisible support system that makes great success possible.

He revealed that during his toughest years, he would work up to 16 hours a day, tirelessly chasing opportunities, pitching ideas, and navigating rejections. While most people only see the glamorous end—celebrity investor, successful entrepreneur, brand ambassador—few know about the decade of grind that preceded it.

“I Don’t Remember Much of My Daughter Growing Up”

One of the most emotional parts of the podcast came when Aman spoke about the personal cost of his journey.

“I don’t remember much of when my daughter was growing up because I was busy working.”

This isn’t just a confession—it’s a painful truth that many ambitious professionals and startup founders live with. In pursuit of building something lasting, moments with family often slip away. And while success may eventually come, the lost memories are never fully regained.

The Unsung Hero: Aman’s Wife

Throughout the conversation, one name stood out again and again—his wife.

Not only did she shoulder the financial burden during their early years, but she also stood strong emotionally, allowing Aman the space to fail, try again, and keep pushing forward. There were no promises of success, no guarantee that the sacrifices would pay off. And yet, she remained his unwavering pillar.

“She never made me feel small. Even when I wasn’t bringing in the money. She believed in me when I didn’t believe in myself.”

This kind of emotional honesty is rare in India’s high-pressure entrepreneurial culture, where vulnerability is often mistaken for weakness. Aman’s willingness to publicly acknowledge his wife’s role challenges that notion and adds a deeply human layer to his journey.

From Struggle to Startup Stardom

Aman Gupta’s story is now well-known: co-founding boAt in 2016, building it into one of India’s most popular audio and lifestyle brands, and eventually becoming a household name via Shark Tank India.

But the real story lies in what came before the success—the loans, the doubt, the lonely nights, the failed ventures, and the emotional toll that few talk about.

Today, boAt is a multi-million dollar company. Aman is celebrated not just for his business success but also for his ability to connect with young entrepreneurs across India. But what makes him truly inspiring is not just what he’s built—it’s what he’s endured.

Reactions Pour In: “This Is the Side of Success We Don’t See”

Since the podcast aired, Aman Gupta’s fans and followers have flooded social media with messages of admiration and respect. Many viewers have called the interview one of the most “real and relatable” conversations ever aired on an Indian podcast.

  • 🗨️ “This made me respect Aman even more. Hats off to him and his wife.”

  • 🗨️ “This is what success really looks like. No filters, just facts.”

  • 🗨️ “Every aspiring entrepreneur should watch this. Not just for business tips—but for life lessons.”

The Bigger Lesson: Every Entrepreneur Has a Backstory

Aman Gupta’s story is a timely reminder in a world obsessed with quick wins and viral success. What we often fail to see are the years of invisible hustle that happen behind the scenes. The missed birthdays, the loans, the mental health battles, and yes—the partners who hold things together when everything feels like it’s falling apart.

His candid admission is not just inspiring—it’s transformative. Because it tells every aspiring entrepreneur that it’s okay to struggle, it’s okay to take help, and it’s more than okay to acknowledge those who walked with you in the dark before the spotlight came on.

Final Thought: Behind Every Dream, There’s Often a Silent Hero

Aman Gupta’s story is a celebration of entrepreneurship—but it’s also a celebration of something more profound: love, partnership, and perseverance. In an age where personal relationships are often strained by professional ambition, his tribute to his wife reminds us what real success looks like—not just in business, but in life.

🖋️ Article by Credit Samadhaan Kendra
Helping India repair, rebuild, and reclaim their financial freedom—one credit score at a time.

🔍 Disclaimer:

The information in this article is based on publicly available content from a YouTube podcast featuring Aman Gupta and host Prakhar Gupta. Quotes and personal anecdotes have been paraphrased or translated where necessary for clarity and engagement. This article is intended for informational and inspirational purposes only and does not represent the personal, legal, or professional views of Aman Gupta, boAt, or any associated entities. All rights to podcast content remain with the original creators. For the complete and unedited conversation, viewers are encouraged to watch the full episode on Prakhar Gupta’s official YouTube channel.

RBI News | 24 June | RBI Eases Provisioning Norms for Infrastructure Loans: Relief for Lenders & Boost for Project Finance

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Key Highlights | RBI News | 24 June 

  • RBI reduces provisioning requirement for under-construction infra loans to 1% from proposed 5%.

  • 1.25% provisioning mandated for commercial real estate projects under construction.

  • New rules effective from October 1, 2025.

  • Project deadline extensions capped to ensure discipline.

RBI Offers Relief to Lenders: Infrastructure Financing Gets a Much-Needed Boost |

RBI News

In a crucial policy relaxation aimed at reviving infrastructure lending, the Reserve Bank of India (RBI) has significantly eased its provisioning norms for loans extended to under-construction infrastructure and commercial real estate projects.

The updated framework, which will take effect from October 1, 2025, reduces the earlier proposed provisioning requirement of 5% to just 1% for infrastructure loans still under construction — following strong feedback from the banking industry.

This move is widely seen as a credit-positive shift that may help unlock stalled infrastructure financing and reduce the burden on lenders’ balance sheets.

Why This Matters: Provisioning Rules & Their Impact|

RBI News

Provisioning refers to the funds that banks and NBFCs must set aside as a buffer against potential loan defaults. Higher provisioning affects a bank’s capital availability and loan disbursement capacity.

In May 2024, the RBI had floated a draft framework proposing that banks should set aside 5% of the loan amount for under-construction infrastructure projects due to the sector’s historically high default risks and frequent project delays.

However, in response, lenders argued that the high provisioning could discourage fresh investments, especially at a time when India needs massive infrastructure growth.

The RBI has now softened its stance:

🔹 1% provisioning for under-construction infrastructure loans
🔹 1.25% provisioning for under-construction commercial real estate loans

This is a significant drop from earlier expectations, making the financial sector more optimistic about project financing.

The Reason Behind the Change: Lending Woes in Infrastructure |

RBI News

The infrastructure sector in India has long faced hurdles like:

  • Delays in land acquisition

  • Regulatory bottlenecks

  • Optimistic revenue projections

  • Unrealistic completion timelines

All of these contribute to loan defaults and lender hesitancy. The earlier high-risk classification of such projects meant banks had to maintain steep provisions, making it unattractive to lend.

By easing provisioning norms, the RBI is encouraging more project finance lending — a critical component for realizing India’s infrastructure dreams under schemes like PM Gati Shakti and the National Infrastructure Pipeline (NIP).

What About Real Estate Projects?

The new framework doesn’t just stop at infrastructure.

For under-construction commercial real estate projects, lenders must now set aside 1.25% of the loan value — a prudent step given the cyclicality and market fluctuations in real estate.

This move strikes a balance between risk management and credit flow, ensuring developers can continue construction while lenders remain protected.

What’s New in the Policy? – Quick Overview |

RBI News

Component Old (Proposed) New Rule
Infra Loan Provisioning 5% 1%
Commercial Real Estate NA / Varied 1.25%
Extension for Infra Projects Up to 5 years (earlier) Max 3 years
Extension for Non-Infra Projects Often unregulated Max 2 years
Retrospective Impact Yes (in some cases) No – Only prospective

Expert Take: Limited Impact, but Positive Direction

According to A M Karthik, Senior VP at ICRA:

“The impact of the new provisioning rules will be limited, as actual provisioning levels were already close to the new thresholds. However, the clarity and uniformity in guidelines will definitely help in smoother implementation and lender confidence.”

Additional Guardrails Introduced by RBI

The RBI also announced tighter controls to avoid misuse of extended deadlines:

  • Maximum delay allowed for infrastructure projects: 3 years

  • Maximum delay for non-infra projects: 2 years

  • Lenders have flexibility to grant extensions within these timelines based on commercial assessment.

Projects already financed will continue under existing norms, ensuring stability and predictability for banks.

What It Means for You: Borrowers, Banks & Investors

For Borrowers (Developers/Builders):

  • Easier access to credit for infrastructure and real estate

  • Lower project costs due to reduced lender provisioning

For Banks/NBFCs:

  • Greater incentive to lend to large projects

  • Reduced strain on balance sheets

For Investors & Credit Analysts:

  • Enhanced credit growth in capital-intensive sectors

  • Potential for better project execution and faster economic growth

Final Word |

RBI News

With this new framework, the RBI is walking a tightrope — balancing the need for financial prudence with the urgency to revitalize India’s infrastructure sector. Lower provisioning norms offer breathing space for banks and real estate developers, and could finally unleash long-pending projects stuck in the pipeline.

Keep watching Credit Samadhaan for in-depth updates on RBI policies, credit score impacts, and how these changes affect you as a borrower or investor.

Unified Lending Interface | 24 June | Finance Ministry & RBI Join Hands to Launch UPI-Style Lending Platform – ULI (Unified Lending Interface)

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 Unified Lending Interface | 24 June |
India Prepares for a Lending Revolution with ULI 

In a transformative move aimed at revolutionizing the credit landscape in India, the Finance Ministry and the Reserve Bank of India (RBI) have come together to strategize the scaling up of the Unified Lending Interface (ULI)—a cutting-edge Digital Public Infrastructure (DPI) that promises to do for lending what UPI (Unified Payments Interface) did for digital payments.

On June 23, 2025, Financial Services Secretary M Nagaraju and RBI Deputy Governor T Rabi Sankar co-chaired a landmark meeting in New Delhi, engaging top officials from 13 central government departments and 11 state governments. The core agenda: accelerating the adoption and integration of ULI across India.

What is ULI? The Future of Lending in India 

ULI (Unified Lending Interface) is a DPI platform built to make credit access faster, more efficient, and data-driven. Using standardized APIs, ULI will allow lenders to plug into a common infrastructure and access verified borrower data from various government and private sources.

Just as UPI democratized payments, ULI is envisioned to:

  • Streamline the loan approval process

  • Reduce turnaround times

  • Improve underwriting accuracy

  • Enhance financial inclusion across Bharat

This is especially crucial for small borrowers, MSMEs, and first-time credit seekers, where data asymmetry has often hindered smooth credit flow.

Statements from the Leadership

During the meeting, RBI Deputy Governor T Rabi Sankar emphasized that ULI represents a “DPI of national importance”, urging every participating stakeholder to integrate their datasets to maximize its potential.

“ULI (Unified Lending Interface) is not just a technology platform—it’s a catalyst for unlocking equitable access to credit. It’s time India builds a UPI for lending.”
– T Rabi Sankar, Deputy Governor, RBI

Financial Services Secretary M Nagaraju echoed the sentiment and called for immediate action:

“We urge all stakeholders to nominate nodal officers and fast-track dataset integration with ULI (Unified Lending Interface). Let us together make ULI India’s next great fintech success story.”

How ULI Will Work: Behind the Scenes

ULI will act as a plug-and-play ecosystem where lenders—banks, NBFCs, fintechs, and even microcredit players—can connect to a centralized data highway. This will pull authenticated KYC, income, credit, and government benefit data in real-time for accurate credit profiling.

Think of it as a credit intelligence network, built on:

  • Standard APIs for seamless connectivity

  • Consent-based data sharing

  • Integration with government & financial systems

  • AI-driven analytics to assess risk in milliseconds

Government and State Participation: A Whole-of-Economy Approach | Finance news

The coordination with various state and central departments shows the intent to build a robust, scalable, and inclusive platform. Departments involved included:

  • Ministry of Finance

  • Ministry of Electronics & IT (MeitY)

  • Ministry of MSME

  • Ministry of Agriculture

  • And others with deep credit data repositories

11 state governments were also present, as ULI’s success depends heavily on ground-level data integration and local governance.

Impact on Borrowers and Lenders

Borrowers will benefit from:

  • Faster loan processing

  • No more repetitive documentation

  • Higher chances of loan approval

  • Lower interest rates due to accurate profiling

Lenders will gain:

  • Access to richer datasets

  • Reduced NPAs via better due diligence

  • Easier compliance

  • Wider outreach to underserved markets

How ULI  (Unified Lending Interface) Complements India’s Fintech Stack

India already has globally celebrated infrastructure like:

  • UPI (Payments)

  • Aadhaar (Identity)

  • DigiLocker (Document storage)

  • Account Aggregator (Financial data sharing)

ULI will be the missing link in this fintech puzzle, focused exclusively on credit delivery. It bridges technology, policy, and finance—making India a model for the world in inclusive credit access.

What’s Next? A Call to Action

The finance ministry and RBI have issued a call to all departments and states to nominate nodal officers and expedite their integration with the ULI system.

With real-time credit access, API standardization, and data interoperability, ULI could soon become the gold standard for digital lending—reducing fraud, improving access, and reshaping India’s $1.5 trillion credit economy.

Stay Updated | Finance news

Follow us for the latest updates on India’s digital credit transformation, fintech innovation, and regulatory developments.

For deeper insights on how ULI  ( Unified Lending Interface) will affect your CIBIL score, credit access, or loan applications, get in touch with

Credit Samadhaan today.

Highlights:

  • ULI aims to become the UPI of the credit ecosystem.

  • It will enable real-time access to authenticated borrower data via standardized APIs.

  • Key stakeholders from 13 central departments and 11 states attended the high-level meeting.

  • Government datasets to be integrated to ease and accelerate credit disbursement.

Let’s Make Credit Accessible to All. ULI is Coming. Are You Ready?

RBI News | June 23 | The priority sector lending requirements have been reduced for small finance banks from 75% to 60% from the financial year 2026

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By Credit Samadhaan News Desk
RBI News | June 23, 2025 | Updated: 10:45 AM IST | ⏱️ 5 Min Read

In a significant regulatory move with long-term implications for India’s banking landscape, the Reserve Bank of India (RBI) has eased the priority sector lending (PSL) norms for Small Finance Banks (SFBs), triggering a surge in stock prices of lenders like Equitas, Ujjivan, AU SFB, and Jana SFB.

The RBI has revised the mandatory PSL requirement from 75% to 60% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposure (CEOBE)—whichever is higher—starting from FY2026. The announcement is being widely welcomed by market participants and financial analysts as a structural positive for the sector.

What Is Priority Sector Lending (PSL)?

PSL refers to sectors identified by the RBI as crucial for the country’s economic development, such as agriculture, micro-enterprises, education, housing, and weaker sections of society. Commercial banks are mandated to lend 40% of ANBC to these sectors, while Small Finance Banks, until now, were required to allocate a significantly higher 75%.

Under the new framework, SFBs will now need to maintain only 60% PSL exposure, giving them additional portfolio flexibility and room to expand into non-PSL segments such as retail, vehicle, or unsecured personal loans.

Stock Market Reaction: SFBs in Green | RBI News

Following the announcement, SFB stocks reacted positively on Monday:

Stock Latest Price (10:45 AM IST) % Change
Equitas Small Finance Bank ₹65.10 🔺 +1.0%
Ujjivan Small Finance Bank ₹48.82 🔺 +1.3%
Jana Small Finance Bank ₹645.00 (approx.) 🔺 +1.5%
AU Small Finance Bank ₹640.00 (approx.) ⏸️ Flat

Equitas and Ujjivan saw early gains of up to 4%, before paring some of those gains in mid-morning trade. Jana SFB and AU SFB showed more muted responses but remain under close investor watch.

 Expert View: A Structural Win for SFBs | RBI News

Morgan Stanley called the RBI’s move a “structural positive” for small finance banks. In a note to investors, the brokerage firm stated:

“This change allows SFBs greater freedom in portfolio structuring, enhances operational ease, and paves the way for sustainable profitability by allowing scaling of higher-yield non-PSL assets.”

Citi echoed similar sentiments, adding that:

“SFBs with diversified portfolios are now better positioned to enhance margins, lower compliance-related inefficiencies, and reduce overdependence on PSL certificates to bridge shortfalls.”

Background: Why This Move Matters | RBI News

The earlier 75% PSL requirement often limited small finance banks from venturing into more profitable lending avenues. It also forced them to acquire PSL certificates from other banks, especially during quarters of sluggish disbursement, thereby pressuring margins.

This burden was especially high for newer entrants like Jana SFB, which operates with relatively lean rural networks compared to older peers.

With the new guideline:

  • Risk-adjusted returns are expected to improve.

  • Loan book diversification will accelerate.

  • Profitability and valuation outlook could strengthen over the medium term.

 Financial Snapshot of Leading SFBs | RBI News

Bank 52-Week High Current Price Performance vs 52-Week High
Equitas SFB ₹110+ ₹65.10 🔻 Down ~40%
Ujjivan SFB ₹50.25 ₹48.82 📈 Near 52-Week High
AU SFB ₹720+ ₹640 🔻 Down ~11%
Jana SFB ₹760 (post-listing) ₹645 🔻 Down ~15%

Among these, Equitas remains significantly undervalued compared to its 52-week high, indicating potential room for a rebound as the regulatory overhang eases.

 Broader Implications: What’s Next?

  1. Stronger loan growth outlook for FY26 onwards.

  2. Increased investor confidence in the long-term viability of SFBs.

  3. Potential rationalization of credit costs as exposure shifts toward more secure or higher-yielding assets.

  4. Possibility of rating upgrades if balance sheet health improves.

Market watchers also believe this could trigger a re-rating of the SFB segment and potentially attract more institutional investors.

 What Analysts Are Saying:

🗣️ “This is a clear signal from the RBI that it wants SFBs to compete on an equal footing with other lenders. It’s a major regulatory unlock.”
— Gaurav Jawalkar, Market Analyst

🗣️ “Expect improved Return on Assets (RoA) and better NIMs in upcoming quarters as SFBs diversify beyond PSL-heavy books.”
— Neha Khurana, Banking Sector Expert

Key Takeaways

  • RBI reduces PSL requirement for SFBs from 75% to 60%, effective FY26.

  • Stocks of Equitas, Ujjivan, Jana SFB rise on the news, with Morgan Stanley and Citi seeing structural positives.

  • Greater flexibility means better profitability, loan book strength, and growth potential for SFBs.

Final Thoughts | RBI News

This move marks a regulatory turning point for India’s small finance banking sector. With more room to innovate and scale, SFBs may now step out of their narrow regulatory box and compete more efficiently with mainstream banks. Investors and borrowers alike should watch this space closely in the coming quarters.

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 Disclaimer

This story is intended for informational purposes only. The analysis provided here does not constitute investment advice. Please consult a certified financial advisor before making any trading or investing decisions. Credit Samadhaan is not responsible for individual investment actions taken based on this article.