pb fintech

PB Fintech, the promoter of Policy Bazaar, on Wednesday said its board has approved the incorporation of a wholly-owned subsidiary to carry on the business of payment aggregator. The subsidiary called 'PB Pay Private Limited' would carry on the business of payment aggregator' domestic and/or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance infrastructure or both, the company said in a regulatory filing. Elevate Your Tech…

PB Fintech on Friday said that its wholly-owned subsidiary Policybazaar Insurance Brokers has been granted in-principle approval from the insurance regulator to upgrade its licence, allowing its entry into the reinsurance business.According to PB Fintech, the approval will allow Policybazaar “to deepen the insurance penetration in the country” and bring “more technology, process control and data analytics based innovation into reinsurance capacity”. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Policybazaar parent PB Fintech is looking to return a part of its capital to shareholders either through a share buyback or dividends, after having turned profitable in the third quarter, company chairman and cofounder Yashish Dahiya told ET in an interaction.A formal decision in this regard, however, will be made only after discussions with the board and consent from shareholders, he added.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For…

PB Fintech, the parent entity which operates insurance aggregator Policybazaar and credit marketplace Paisabazaar, has turned profitable and clocked its first ever net profit of Rs 37.2 crore for the third quarter ending December 31, 2023.Following through on the guidance provided in the previous quarters, the company has also reported profits of Rs 4.2 crore for the nine-months period ending December 31.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB…

Even as the likes of Tiger Global, Ant Financial and SoftBank have exited their positions in Zomato, large sovereign investors from jurisdictions such as Kuwait and Singapore have raised their stakes in the food-delivery company, pushing up its stock price by as much as 160% in the last one year. In August, New York-based Tiger Global sold its remaining 1.44% stake in Zomato, making a full exit from the company. Masayoshi Son-led SoftBank followed in December, selling off its remaining stake in the Gurugram-based firm.…

Financial services company PB Fintech on Friday said Income Tax (IT) officials had visited the offices of its credit marketplace subsidiary Paisabazaar earlier this week. The officials had enquired about ‘certain vendors’ of Paisabazaar, the company said, without giving details.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of…

More than 63% of tax-paying Indians are still on the old tax regime, compared to the 37% who have moved to the new one, found a survey conducted by PB Fintech, the parent company of insurance marketplace Policybazaar.The survey, which covered 1,263 respondents across 350 cities in the country, found out that women were more particular about choosing the tax regime, with 74% of them having picked the tax regime through hard calculations compared to 71% among men.Elevate Your Tech Prowess with High-Value Skill…

New-age tech companies Paytm, Zomato, Nykaa, Policybazaar, CarTrade and Delhivery have together regained nearly one-third of the wealth investors in their shares had lost last year, thanks to their efforts towards profitability, reducing overheads and also due to rationalisation in their strategy on acquisition.These half a dozen stocks have gained almost Rs 45,000 crore in market value in 2023, after losing nearly Rs 1.59 lakh crore in 2022. Analysts believe they have caught the fancy of investors over the last two…

The Internet and Mobile Association of India (IAMAI) is asking the government to renotify the latest anti-tobacco rules impacting video streaming platforms, this time after consulting the industry. This and more in today’s ETtech Morning Dispatch.Also in the letter:■ Sam Altman puts competition comments in context■ Policybazaar’s broking business breaking even, almost■ Short video app Tiki shuttersAnti-tobacco rules difficult to implement on OTTs, says IAMAI The Internet and Mobile Association of India (IAMAI) has…

Gurugram-based insurance broker Policybazaar is quickly expanding the share of revenue from its new business lines as it diversifies from just being a consumer-focussed online insurance distribution platform.PBFintech, which is a publicly listed entity and owns insurance distributor Policybazaar and credit aggregator Paisabazaar, generated Rs 365 crore of revenue in the fourth quarter of the last financial year from its new initiatives.This number has gone up 137% from Rs 154 crore in the fourth quarter of last year. In…