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PolicyBazaarโ€™s PB Pay receives RBI approval for Payment Aggregation

EntrackrEntrackr ยท 7m ago
PolicyBazaarโ€™s PB Pay receives RBI approval for Payment Aggregation
Medial

PolicyBazaarโ€™s PB Pay receives RBI approval for Payment Aggregation PB Pay Private Limited, a wholly owned subsidiary of InsurTech firm PB Fintech, has received in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. The approval comes nearly a year after the company submitted its application. The authorisation is subject to compliance with the RBIโ€™s guidelines on the regulation of payment aggregators and payment gateways. Policybazaar focuses on insurance, while Paisabazaar, also under PB Fintech, handles the credit side โ€” personal loans, business loans, credit cards, and credit scores. This move will help the companyโ€™s business to support and streamline payment across both insurance and credit verticals and reduce reliance on third-party service providers. Last month, PB Fintech also got the board approval to infuse Rs 696 crore or $80 million to its subsidiary PB Healthcare Services Pvt Ltd to strengthen its new unitโ€™s operations in Indiaโ€™s health care sector. The parent company of Policybazaar and Paisabazaar reported a 48.3% year-on-year revenue growth to Rs 1,292 crore in the third quarter of the last fiscal year (Q3 FY25) from Rs 871 crore in Q3 FY24. During the same period, its net profit nearly doubled to Rs 72 crore from Rs 37 crore in the corresponding quarter of the previous fiscal. PB Fintech is currently trading at Rs 1,625 with a total market capitalization of Rs 74,629 crore (approximately $8.6 billion).

PolicyBazaarโ€™s parent to grant Rs 644 Cr worth ESOPs to employees

EntrackrEntrackr ยท 7d ago
PolicyBazaarโ€™s parent to grant Rs 644 Cr worth ESOPs to employees
Medial

PolicyBazaarโ€™s parent PB Fintech has rolled out a fresh grant of employee stock options (ESOPs) covering 35 lakh equity shares across its various ESOP schemes, according to filings accessed from the stock exchanges. This move reflects the companyโ€™s continued focus on employee retention and long-term value creation. The companyโ€™s Nomination and Remuneration Committee approved the grant of 35.11 lakh stock options to eligible employees under the ESOP 2024 plan. Considering PB Fintechโ€™s current share price of Rs 1,835, the newly granted ESOPs carry an approximate value of Rs 644 crore or $72 million. In a significant business development, PB Pay Private Limited, a wholly owned subsidiary of the InsurTech firm, has received in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. This marks a strategic step for PB Fintech, potentially strengthening its presence in the digital payments and financial services ecosystem. Separately, PB Fintech has also secured board approval to infuse Rs 696 crore (around $80 million) into its subsidiary PB Healthcare Services Pvt Ltd. The capital infusion aims to accelerate the growth of its healthcare-focused business and enhance operations in Indiaโ€™s expanding health services sector. In the second quarter of the ongoing fiscal year, the parent, PB Fintechโ€™s revenue from operations grew 20% to Rs 1,613 crore in contrast to Rs 1,348 crore in Q2 FY25. Meanwhile, the company's profit spiked by 2.6X to Rs 135 crore in Q2 FY26 from Rs 51 crore in Q2 FY25. PB Fintechโ€™s stock is trading at Rs 1835 (as of 10:20 AM) on the NSE, giving it a total market capitalization of Rs 84,553 crore (approximately $9.5 billion).

PB Fintech profit surges 2.6X to Rs 135 Cr in Q2 FY26

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PB Fintech profit surges 2.6X to Rs 135 Cr in Q2 FY26
Medial

PB Fintech, the parent company of online insurance platform PolicyBazaar, announced its financial results for the second quarter of FY26 on Wednesday. The companyโ€™s profit surged 2.6 times year-on-year (YoY), while its operating revenue grew by 20%. PolicyBazaarโ€™s revenue from operations rose 20% year-on-year to Rs 1,613.5 crore in Q2 FY26, up from Rs 1,348 crore in Q2 FY25, according to the companyโ€™s financial results filed with the National Stock Exchange (NSE). The Gurugram-based company derived 88.5% of its operating revenue from insurance brokerage services, which increased to Rs 1,428.16 crore in Q2 FY26 from Rs 998.76 crore in Q2 FY25. Apart from operating revenue, the firm earned Rs 84.5 crore from interest and gains on financial assets during the quarter, taking its total income to Rs 1,698 crore for the quarter ending September 2025. PolicyBazaar did not provide a detailed expense breakdown in its quarterly financial statements. However, employee benefits expenses rose 18% year-on-year to Rs 600 crore, while advertising and marketing expenses remained steady at Rs 280 crore. Overall, the companyโ€™s total expenditure increased 28.5% to Rs 1,558.8 crore in Q2 FY26 from Rs 1,213.4 crore in Q2 FY25. PolicyBazaar's net profits jumped 2.6x to Rs 134.9 crore in Q2 FY26 from Rs 51 crore in Q2 FY25. At the end of the day, PolicyBazaar traded at Rs 1,724 with a total market capitalization of Rs 79,184.6 crore ($9 billion).

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