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PB Fintech Ltd, popularly known asPolicy Bazaris India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products
PB Fintech's wholly-owned subsidiary, Policybazaar, faces a Rs 5 Cr penalty from IRDAI. This action addresses violations related to director appointments for key personnel, product display practices, outsourcing agreements, policy tagging, and premium remittance. Crucially for investors, the company states the financial impact is limited to this penalty. No impact...
PB Fintech has executed agreements to disburse unsecured loans to its wholly-owned subsidiaries. Policybazaar will receive ₹300 Cr, primarily from IPO proceeds, to fund its operations. Paisabazaar will get ₹100 Cr from both IPO and non-IPO funds for its business and other expenses. Both loans carry a 12% annual interest...
PB Fintech Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company has incorporated a wholly owned step-down subsidiary, Paisabazaar Middle East Marketing LLC, in Dubai with an investment of approximately ₹2.40 Cr. This subsidiary will focus on marketing management, fintech, and...
PB Fintech has announced a board meeting on the financial results for the quarter and half-year. The company has invested ₹10 Cr in its wholly owned subsidiary, PB Pay Private Limited, which is positioned as a payment aggregator. PB Pay received an in-principle RBI authorization to operate as an online...
PB Fintech has announced a board meeting to approve the financial results for the quarter and half-year. Revenue surged 45% to ₹4,977 Cr, with PAT up 448% at ₹353 Cr, led by 48% growth in Health & Life Insurance new premiums. Q4 insurance premiums rose 37% to ₹7,030 Cr, while...