Paisabazaar faces Benami Property Act order over vendor transactions
30 Mar 2026, 01:25 PMThe order, issued on March 26 under Section 26(3) of the Act, pertains to the adjudication stage of proceedings against alleged benami properties.
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PB Fintech's lending marketplace Paisabazaar has come under regulatory scrutiny after receiving an order from the Adjudicating Authority under the Prohibition of Benami Property Transactions Act.
The order, issued on March 26 under Section 26(3) of the Act, pertains to the adjudication stage of proceedings against alleged benami properties.
The authority's order targets certain vendors associated with Paisabazaar, with the platform being named as the alleged beneficial owner in those transactions.
The company has said it plans to contest the order.
Paisabazaar operates as a digital consumer credit marketplace, giving users access to loans, credit cards, and investment products such as mutual funds and fixed deposits. It facilitates lending through the First Loss Default Guarantee (FLDG) model, working alongside partners like Hero FinCorp and Piramal Finance.
In February, the company also set up a wholly owned subsidiary, Paisa Financial Services, with an initial investment of Rs 3 crore, aimed at bolstering its collections infrastructure.
Paisabazaar closed the December quarter with 71 lakh transacting customers, while total disbursements for the period reached Rs 9,986 crore, an 84% jump year-on-year.
The broader PB Fintech group posted a strong Q3 FY26, with net profit rising 165% year-on-year to Rs 189.4 crore and revenue climbing 37% to Rs 1,771.1 crore.
PB Fintech's stock, however, has had a rough run this year. Shares have fallen nearly 20% year-to-date, hitting a fresh 52-week low earlier in March. Much of the selling pressure followed the company's announcement of a qualified institutional placement (QIP) in February, which triggered a sharp market reaction before being withdrawn.
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