Policybazaar parent PB Fintech said the proposed changes to insurance distribution economics could make it harder to justify remaining solely a distributor and increase the attractiveness of entering insurance manufacturing, which would allow it to design, underwrite and sell policies. The company said it would wait for more regulatory clarity on the proposal. “I never … Read more
A total of ₹1.1 trillion has changed hands in open-market trades this year (as of 15 April), up 25% from ₹86,810 crore over the same period a year ago. Secondary market sales have continued to keep bookbuilders busy in May: Lenskart Solutions investors sold around 70 million shares at a 3-4% discount in a deal … Read more
In an interview, Yashish Dahiya, Chairman and Chief Executive Officer of PB Fintech highlighted the following – “We started our new initiatives after the market started focusing on profitability. We are not reducing our new initiatives or killing them. We are only getting a little more efficient, which is exactly what we would do anyway. … Read more