FDs fuel plastic dreams; PhysicsWallah revises DRHP

Also in the letter:
■ India Semiconductor Mission 2.0
■ Oyo parent becomes Prism
■ Proactive pitches boost IT

Banks, fintechs cut credit card cap to secure more users

Banks and fintechs are tearing up the credit card rulebook. To bring more users into the formal credit net—without taking on too much risk—they are launching secured cards with starting limits as low as Rs 90, industry executives told us.

That’s a…