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The NBFC is reducing its public issue size from Rs 3,668 crore to Rs 3,408 crore

The fintech’s financial services business has done reasonably well in Q4 FY26. But upping its lending game without the NBFC tag will be a tall task.
Its lending business is doing the heavy lifting while payments and asset management lag, raising questions over its full-stack narrative.
Market realities, risky pivots and a bleeding loan book are testing the discount broker’s prospects even as its core business is on the decline.