PB Fintech Share Price
PB Fintech Ltd.
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About PB Fintech
We're filling the void in the massive, underserved internet insurance and loan sectors with our Policybazaar and Paisabazaar platforms. In 2008, we responded to consumers' desires for more information about insurance options by releasing Policybazaar as our flagship platform to develop a consumer-pull-based, provider-neutral paradigm for insurance distribution. Based on the number of policies sold in the Financial Year 2020, Policybazaar was the biggest digital insurance marketplace in India, accounting for 93.4% of the market.
Also, regarding the total number of digital insurance plans issued in India in Fiscal 2020, 65.3% were sold on Policybazaar (including online sales done directly by insurance companies and insurance distributors).
When we first introduced Paisabazaar in 2014, our goal was to revolutionize how Indians could have access to personal credit by emphasizing simplicity, speed, and openness in the process of choosing among several different credit cards and personal loans. Based on disbursements in Fiscal 2021, Paisabazaar has a 53.7% market share, making it the biggest digital consumer credit marketplace in India.
As of March 31, 2022, about 27.3 million Consumers have utilized our site to see their credit scores. We provide consumers with a broad range of options, complete transparency, and the means to investigate and get insurance and personal credit solutions from our Insurer and Lending Partners.
Our consumer-first focus has helped us build Policybazaar and Paisabazaar into nationally recognized brands in India. As a result of our technology stack, we can automate several steps throughout the product value chain, allowing us to construct user-friendly Consumer experiences across all of our operations. We also use cutting-edge technologies to serve our customers well.
With the help of our highly trained and educated team and cutting-edge technological partnerships with insurance companies and financial institutions, we offer our customers a variety of flexible service alternatives.
In addition to offering a low-cost platform for our partners to reach their ideal clients, we also use our technology and insights to assist them in enhancing their risk assessment models, fraud detection and underwriting skills, and the development of bespoke products. Our Insurer and Lending Partners have one of the industry's lowest customer acquisition costs through our services. Do you want to know about PB Fintech Shares? Click Here to learn about today's PB Fintech Share Price.
Also, regarding the total number of digital insurance plans issued in India in Fiscal 2020, 65.3% were sold on Policybazaar (including online sales done directly by insurance companies and insurance distributors).
When we first introduced Paisabazaar in 2014, our goal was to revolutionize how Indians could have access to personal credit by emphasizing simplicity, speed, and openness in the process of choosing among several different credit cards and personal loans. Based on disbursements in Fiscal 2021, Paisabazaar has a 53.7% market share, making it the biggest digital consumer credit marketplace in India.
As of March 31, 2022, about 27.3 million Consumers have utilized our site to see their credit scores. We provide consumers with a broad range of options, complete transparency, and the means to investigate and get insurance and personal credit solutions from our Insurer and Lending Partners.
Our consumer-first focus has helped us build Policybazaar and Paisabazaar into nationally recognized brands in India. As a result of our technology stack, we can automate several steps throughout the product value chain, allowing us to construct user-friendly Consumer experiences across all of our operations. We also use cutting-edge technologies to serve our customers well.
With the help of our highly trained and educated team and cutting-edge technological partnerships with insurance companies and financial institutions, we offer our customers a variety of flexible service alternatives.
In addition to offering a low-cost platform for our partners to reach their ideal clients, we also use our technology and insights to assist them in enhancing their risk assessment models, fraud detection and underwriting skills, and the development of bespoke products. Our Insurer and Lending Partners have one of the industry's lowest customer acquisition costs through our services. Do you want to know about PB Fintech Shares? Click Here to learn about today's PB Fintech Share Price.
Fundamentals of PB Fintech Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 28755.68 Cr |
0.00 |
0.00 |
618.14 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
-39.01 % |
-6.67 |
0.00 % |
158.46 |
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What is the Market Cap of PB Fintech Ltd. shares?
As of 01 Apr`23 the Market Cap of PB Fintech Ltd. is 28755.68.
What is the PE and PB ratio of PB Fintech Ltd. stock?
As of 01 Apr`23 the PE is 0.00 and PB is 0.00.
PB Fintech - Quaterly Results
Publish Date: 07/11/2022
The sales figure stood at Rs. 303.01 millions for the September 2022 quarter. The mentioned figure indicates a growth of about 32.46% as compared to Rs. 228.75 millions during the year-ago period.The Net Loss for the quarter ended September 2022 is Rs. -430.67 millions as compared to Net Loss of Rs. -1001.99 millions of corresponding quarter ended September 2021 Operating profit Margin for the quarter ended September 2022 improved to -418.97% as compared to -988.25% of corresponding quarter ended September 2021
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 303.01 | 228.75 | 32.46 | 587.64 | 456.24 | 28.80 | 1031.84 | 1234.24 | -16.40 |
| Other Income | 521.52 | 188.85 | 176.16 | 909.06 | 371.80 | 144.50 | 1142.48 | 560.18 | 103.95 |
| PBIDT | -418.97 | -988.25 | -57.60 | -989.08 | -1371.13 | -27.86 | -2952.01 | 349.32 | -945.07 |
| Interest | 2.28 | 2.95 | -22.71 | 4.72 | 6.04 | -21.85 | 11.48 | 14.27 | -19.55 |
| PBDT | -421.25 | -992.05 | -57.54 | -993.80 | -1379.74 | -27.97 | -2963.49 | 311.37 | -1051.76 |
| Depreciation | 9.42 | 9.94 | -5.23 | 18.68 | 20.02 | -6.69 | 38.96 | 38.03 | 2.45 |
| PBT | -430.67 | -1001.99 | -57.02 | -1012.48 | -1399.76 | -27.67 | -3002.45 | 273.34 | -1198.43 |
| TAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -5.61 | 83.26 | -106.74 |
| Deferred Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | -430.67 | -1001.99 | -57.02 | -1012.48 | -1399.76 | -27.67 | -2996.84 | 190.08 | -1676.62 |
| Equity | 899.00 | 822.47 | 9.30 | 899.00 | 822.47 | 9.30 | 899.00 | 0.46 | 195334.78 |
| PBIDTM(%) | -138.27 | -432.02 | -67.99 | -168.31 | -300.53 | -43.99 | -286.09 | 28.30 | -1110.84 |
PB Fintech - Quaterly Results
Publish Date: 07/11/2022
The sales for the September 2022 quarter moved up 32.46% to Rs. 303.01 millions as compared to Rs. 228.75 millions during the corresponding quarter last year.The Net Loss for the quarter ended September 2022 is Rs. -430.67 millions as compared to Net Loss of Rs. -1001.99 millions of corresponding quarter ended September 2021 Operating profit Margin for the quarter ended September 2022 improved to -418.97% as compared to -988.25% of corresponding quarter ended September 2021
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 303.01 | 228.75 | 32.46 | 587.64 | 456.24 | 28.80 | 1031.84 | 1234.24 | -16.40 |
| Other Income | 521.52 | 188.85 | 176.16 | 909.06 | 371.80 | 144.50 | 1142.48 | 560.18 | 103.95 |
| PBIDT | -418.97 | -988.25 | -57.60 | -989.08 | -1371.13 | -27.86 | -2952.01 | 349.32 | -945.07 |
| Interest | 2.28 | 2.95 | -22.71 | 4.72 | 6.04 | -21.85 | 11.48 | 14.27 | -19.55 |
| PBDT | -421.25 | -992.05 | -57.54 | -993.80 | -1379.74 | -27.97 | -2963.49 | 311.37 | -1051.76 |
| Depreciation | 9.42 | 9.94 | -5.23 | 18.68 | 20.02 | -6.69 | 38.96 | 38.03 | 2.45 |
| PBT | -430.67 | -1001.99 | -57.02 | -1012.48 | -1399.76 | -27.67 | -3002.45 | 273.34 | -1198.43 |
| TAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -5.61 | 83.26 | -106.74 |
| Deferred Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | -430.67 | -1001.99 | -57.02 | -1012.48 | -1399.76 | -27.67 | -2996.84 | 190.08 | -1676.62 |
| Equity | 899.00 | 822.47 | 9.30 | 899.00 | 822.47 | 9.30 | 899.00 | 0.46 | 195334.78 |
| PBIDTM(%) | -138.27 | -432.02 | -67.99 | -168.31 | -300.53 | -43.99 | -286.09 | 28.30 | -1110.84 |
PB Fintech - Quaterly Results
Publish Date: 07/11/2022
The sales for the September 2022 quarter moved up 32.46% to Rs. 303.01 millions as compared to Rs. 228.75 millions during the corresponding quarter last year.The Net Loss for the quarter ended September 2022 is Rs. -430.67 millions as compared to Net Loss of Rs. -1001.99 millions of corresponding quarter ended September 2021 Operating profit Margin for the quarter ended September 2022 improved to -418.97% as compared to -988.25% of corresponding quarter ended September 2021
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 303.01 | 228.75 | 32.46 | 587.64 | 456.24 | 28.80 | 1031.84 | 1234.24 | -16.40 |
| Other Income | 521.52 | 188.85 | 176.16 | 909.06 | 371.80 | 144.50 | 1142.48 | 560.18 | 103.95 |
| PBIDT | -418.97 | -988.25 | -57.60 | -989.08 | -1371.13 | -27.86 | -2952.01 | 349.32 | -945.07 |
| Interest | 2.28 | 2.95 | -22.71 | 4.72 | 6.04 | -21.85 | 11.48 | 14.27 | -19.55 |
| PBDT | -421.25 | -992.05 | -57.54 | -993.80 | -1379.74 | -27.97 | -2963.49 | 311.37 | -1051.76 |
| Depreciation | 9.42 | 9.94 | -5.23 | 18.68 | 20.02 | -6.69 | 38.96 | 38.03 | 2.45 |
| PBT | -430.67 | -1001.99 | -57.02 | -1012.48 | -1399.76 | -27.67 | -3002.45 | 273.34 | -1198.43 |
| TAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -5.61 | 83.26 | -106.74 |
| Deferred Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | -430.67 | -1001.99 | -57.02 | -1012.48 | -1399.76 | -27.67 | -2996.84 | 190.08 | -1676.62 |
| Equity | 899.00 | 822.47 | 9.30 | 899.00 | 822.47 | 9.30 | 899.00 | 0.46 | 195334.78 |
| PBIDTM(%) | -138.27 | -432.02 | -67.99 | -168.31 | -300.53 | -43.99 | -286.09 | 28.30 | -1110.84 |
PB Fintech - Quaterly Results
Publish Date: 10/02/2023
The revenue for the December 2022 quarter is pegged at Rs. 319.90 millions, about 21.06% up against Rs. 264.24 millions recorded during the year-ago period.The Net Loss for the quarter ended December 2022 is Rs. -23.38 millions as compared to Net Loss of Rs. -1205.47 millions of corresponding quarter ended December 2021 Operating profit Margin for the quarter ended December 2022 improved to -11.84% as compared to -1133.10% of corresponding quarter ended December 2021
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 319.90 | 264.24 | 21.06 | 907.54 | 720.48 | 25.96 | 1031.84 | 1234.24 | -16.40 |
| Other Income | 450.37 | 309.12 | 45.69 | 1359.43 | 680.92 | 99.65 | 1142.48 | 560.18 | 103.95 |
| PBIDT | -11.84 | -1133.10 | -98.96 | -1000.92 | -2504.23 | -60.03 | -2952.01 | 349.32 | -945.07 |
| Interest | 2.12 | 2.74 | -22.63 | 6.84 | 8.78 | -22.10 | 11.48 | 14.27 | -19.55 |
| PBDT | -13.96 | -1195.88 | -98.83 | -1007.76 | -2575.62 | -60.87 | -2963.49 | 311.37 | -1051.76 |
| Depreciation | 9.43 | 9.59 | -1.67 | 28.11 | 29.61 | -5.07 | 38.96 | 38.03 | 2.45 |
| PBT | -23.39 | -1205.47 | -98.06 | -1035.87 | -2605.23 | -60.24 | -3002.45 | 273.34 | -1198.43 |
| TAX | -0.01 | 0.00 | 0.00 | -0.01 | 0.00 | 0.00 | -5.61 | 83.26 | -106.74 |
| Deferred Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | -23.38 | -1205.47 | -98.06 | -1035.86 | -2605.23 | -60.24 | -2996.84 | 190.08 | -1676.62 |
| Equity | 900.23 | 899.00 | 0.14 | 900.23 | 899.00 | 0.14 | 899.00 | 0.46 | 195334.78 |
| PBIDTM(%) | -3.70 | -428.81 | -99.14 | -110.29 | -347.58 | -68.27 | -286.09 | 28.30 | -1110.84 |
PB Fintech trades higher as its arm gets nod to incorporate wholly owned subsidiary
Publish Date: 25/08/2022
Incorporation of a new tech company in Abu Dhabi with core objective of extending groups technology hub in UAE
PB Fintech is currently trading at Rs. 516.20, up by 4.55 points or 0.89 % from its previous closing of Rs. 511.65 on the BSE.
The scrip opened at Rs. 528.50 and has touched a high and low of Rs. 553.95 and Rs. 506.60 respectively. So far 108070 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1470.00 on 17-Nov-2021 and a 52 week low of Rs. 455.00 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 568.45 and Rs. 500.85 respectively. The current market cap of the company is Rs. 23149.24 crore.
The Institutions and Non-Institutions held 27.81% and 72.19% stakes, respectively in the company.
PB Fintech’s wholly owned subsidiary -- PB Fintech FZ-LLC has received approval to incorporate wholly owned subsidiary company namely ‘PB Abu Dhabi Tech Co’. Incorporation of a new tech company in Abu Dhabi with core objective of extending groups technology hub in UAE and providing end to end tech solutions.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
PB Fintech gains on making investment in Policybazaar Insurance Brokers, Paisabazaar Marketing and Consulting
Publish Date: 22/09/2022
The company has made investment of Rs 650 crore in Policybazaar Insurance Brokers
PB Fintech is currently trading at Rs. 512.25, up by 2.60 points or 0.51% from its previous closing of Rs. 509.65 on the BSE.
The scrip opened at Rs. 515.00 and has touched a high and low of Rs. 520.00 and Rs. 510.40 respectively. So far 13284 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1470.00 on 17-Nov-2021 and a 52 week low of Rs. 455.00 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 550.45 and Rs. 504.85 respectively. The current market cap of the company is Rs. 23153.74 crore.
The Institutions holding in the company stood at 27.81%, while Non-Institutions held 72.19%.
PB Fintech has made investment of Rs 650 crore in Policybazaar Insurance Brokers, a wholly owned subsidiary of the Company. With the said further investment, the entire amount of Rs 650 crore as approved by the Board and communicated earlier, stands completed.As part of company’s investments, the present Investment allows Company to strengthen the financial health of Policybazaar Insurance Brokers to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives.
The company has also made an investment of Rs 250 crore in Paisabazaar Marketing and Consulting, a wholly owned subsidiary of the Company. With the said further investment, the entire amount of Rs 250 crore as approved by the Board and communicated earlier, stands completed. As part of company’s investments, the present investment allows Paisabazaar Marketing and Consulting to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
PB Fintech surges on acquiring 26.72% stake in YKNP Marketing Management
Publish Date: 21/11/2022
With this partnership the company will get access to banks of UAE where company can start sourcing customer leveraging the YKNP agreement and field force
PB Fintech is currently trading at Rs. 407.05, up by 4.25 points or 1.06% from its previous closing of Rs. 402.80 on the BSE.
The scrip opened at Rs. 399.00 and has touched a high and low of Rs. 420.00 and Rs. 396.80 respectively. So far 196293 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1338.95 on 25-Nov-2021 and a 52 week low of Rs. 356.20 on 17-Nov-2022.
Last one week high and low of the scrip stood at Rs. 420.00 and Rs. 356.20 respectively. The current market cap of the company is Rs. 18310.37 crore.
The Institutions and Non-Institutions held 27.88% and 72.12%, stake in the company respectively.
PB Fintech has made an investment of around $2 million and acquired 26.72% Shares of YKNP Marketing Management through PB Fintech FZ-LLC, a wholly owned subsidiary of the Company.
With this partnership, the company will get access to banks of UAE where it can start sourcing customer leveraging the YKNP agreement and field force. YKNP Marketing Management has about majority business through Arabic population. The company will get access to sales team which can cater to Arabic customers.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
PB Fintech informs about disclosure
Publish Date: 07/12/2022
PB Fintech has informed that the exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SVF India Holdings (Cayman) & SVF Python II (Cayman).
The above information is a part of company’s filings submitted to BSE.
PB Fintech trades higher as its arm gets RBI’s in- principle nod to set up business of account aggregator
Publish Date: 12/01/2023
PB Financial Account Aggregators had been incorporated on February 03, 2022 to carry on the business of an ‘Account Aggregator’
PB Fintech is currently trading at Rs. 471.85, up by 3.95 points or 0.84% from its previous closing of Rs. 467.90 on the BSE.
The scrip opened at Rs. 472.00 and has touched a high and low of Rs. 477.35 and Rs. 470.15 respectively. So far 51073 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1052.05 on 17-Jan-2022 and a 52 week low of Rs. 356.20 on 17-Nov-2022.
Last one week high and low of the scrip stood at Rs. 477.35 and Rs. 454.55 respectively. The current market cap of the company is Rs. 21245.49 crore.
The Institutions and Non-Institutions held 27.88% and 72.12% stake, respectively, in the company.
PB Fintech’s wholly owned subsidiary -- PB Financial Account Aggregators has received in- principle approval from Reserve Bank of India (RBI) for setting up the business of Account Aggregator on January 10, 2023. PB Financial Account Aggregators had been incorporated on February 03, 2022 to carry on the business of an ‘Account Aggregator’, thereby undertaking the activity of retrieving or collecting financial information pertaining to its customers and consolidating, organizing and presenting such information to the customer or any other person as per the instructions of the customer (consent based infrastructure).
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
PB Fintech jumps on getting nod to invest upto $5 million in PB Fintech FZ-LLC
Publish Date: 13/02/2023
The Board of Directors at its meeting held on February 10, 2023, has approved the same
PB Fintech is currently trading at Rs. 534.65, up by 10.65 points or 2.03% from its previous closing of Rs. 524.00 on the BSE.
The scrip opened at Rs. 529.20 and has touched a high and low of Rs. 545.25 and Rs. 511.85 respectively. So far 254741 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 851.25 on 11-Feb-2022 and a 52 week low of Rs. 356.20 on 17-Nov-2022.
Last one week high and low of the scrip stood at Rs. 545.25 and Rs. 419.40 respectively. The current market cap of the company is Rs. 24085.73 crore.
The Institutions and Non-Institutions held 62.88% and 37.11% stake in the company.
PB Fintech has received approval to invest upto $5 million in the shares of PB Fintech FZ-LLC, a wholly owned subsidiary of the Company. As part of company’s investments, the present investment allows wholly owned subsidiary to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives. The company will infuse the overall funds in the PB Fintech FZ LLC as approved by the Board of Directors in one or more tranches during the financial year 2022-23 and 2023-24. The Board of Directors at its meeting held on February 10, 2023, has approved the same.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
PB Fintech informs about transcript of earnings call
Publish Date: 17/02/2023
In furtherance to its earlier communication dated January 30, 2023 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, PB Fintech has informed that it enclosed Transcript of the Earnings Conference Call conducted on February 10, 2023. The transcript of Earnings Conference Call will also be hosted on the website of the Company at https://www.pbfintech.in/#investor-relation.
The above information is a part of company’s filings submitted to BSE.
Board Meeting
Publish Date: 10/02/2023
Quarterly Results
Board Meeting
Publish Date: 10/08/2022
Quarterly Results
Board Meeting
Publish Date: 27/05/2022
Audited Results
Board Meeting
Publish Date: 07/02/2022
Quarterly Results
PB Fintech’s arm to incorporate wholly owned subsidiary
Publish Date: 25/08/2022
Incorporation of a new tech company in Abu Dhabi with core objective of extending groups technology hub in UAE
PB Fintech’s wholly owned subsidiary -- PB Fintech FZ-LLC has received approval to incorporate wholly owned subsidiary company namely ‘PB Abu Dhabi Tech Co’. Incorporation of a new tech company in Abu Dhabi with core objective of extending groups technology hub in UAE and providing end to end tech solutions.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
PB Fintech makes investment in Policybazaar Insurance Brokers, Paisabazaar Marketing and Consulting
Publish Date: 22/09/2022
The company has made investment of Rs 650 crore in Policybazaar Insurance Brokers
PB Fintech has made investment of Rs 650 crore in Policybazaar Insurance Brokers, a wholly owned subsidiary of the Company. With the said further investment, the entire amount of Rs 650 crore as approved by the Board and communicated earlier, stands completed.As part of company’s investments, the present Investment allows Company to strengthen the financial health of Policybazaar Insurance Brokers to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives.
The company has also made an investment of Rs 250 crore in Paisabazaar Marketing and Consulting, a wholly owned subsidiary of the Company. With the said further investment, the entire amount of Rs 250 crore as approved by the Board and communicated earlier, stands completed. As part of company’s investments, the present investment allows Paisabazaar Marketing and Consulting to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
PB Fintech’s platform ties up with insurance companies to launch ‘Zero Cost Term plan’
Publish Date: 04/10/2022
The launch of this new category is aligned with the brand’s larger message and mission of ‘Har Family Hogi Insured’
PB Fintech’s flagship platform -- Policybazaar has entered into a collaboration with leading Life Insurance Companies to launch a new category of Term plan under which the policyholder has the option to submit the Term plan post-retirement when his or her financial obligations are over and get all premiums back net of GST.
The launch of this new category is aligned with the brand’s larger message and mission of ‘Har Family Hogi Insured’. Until now two categories of Term plans existed and this is now the third category i.e. a Zero cost term plan.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
Tiger Global Management offloads stake in PB Fintech through open market transactions
Publish Date: 15/11/2022
The shares were disposed of at an average price of Rs 389.38-Rs 389.44 apiece, taking the transaction value to Rs 522.50 crore
Tiger Global Management has offloaded shares in PB Fintech for Rs 522.50 crore through open market transactions. According to the bulk deal data available with the National Stock Exchange (NSE), funds managed by Tiger Global -- Tiger Global Eight Holdings and Internet Fund III Pte -- sold a total of 1,34,17,607 shares, amounting to 2.98 per cent stake in the company. The shares were disposed of at an average price of Rs 389.38-Rs 389.44 apiece, taking the transaction value to Rs 522.50 crore. Meanwhile, WF Asian Reconnaissance Fund acquired 50 lakh shares of the company.
Last week, Tiger Global Management divested 3.5 per cent stake in PB Fintech.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
PB Fintech’s arm gets RBI’s in- principle nod to set up business of account aggregator
Publish Date: 12/01/2023
PB Financial Account Aggregators had been incorporated on February 03, 2022 to carry on the business of an ‘Account Aggregator’
PB Fintech’s wholly owned subsidiary -- PB Financial Account Aggregators has received in- principle approval from Reserve Bank of India (RBI) for setting up the business of Account Aggregator on January 10, 2023. PB Financial Account Aggregators had been incorporated on February 03, 2022 to carry on the business of an ‘Account Aggregator’, thereby undertaking the activity of retrieving or collecting financial information pertaining to its customers and consolidating, organizing and presenting such information to the customer or any other person as per the instructions of the customer (consent based infrastructure).
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
PB Fintech gets nod to invest upto $5 million in PB Fintech FZ-LLC
Publish Date: 13/02/2023
The Board of Directors at its meeting held on February 10, 2023, has approved the same
PB Fintech has received approval to invest upto $5 million in the shares of PB Fintech FZ-LLC, a wholly owned subsidiary of the Company. As part of company’s investments, the present investment allows wholly owned subsidiary to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives. The company will infuse the overall funds in the PB Fintech FZ LLC as approved by the Board of Directors in one or more tranches during the financial year 2022-23 and 2023-24. The Board of Directors at its meeting held on February 10, 2023, has approved the same.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
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