PB Fintech gets SEBI approval to enter debt broking business

11 May 2026, 11:26 AM

The approval for the stock broking business covers fixed-income instruments like corporate bonds, government securities, and treasury bills.

PB Fintech, the parent company of Policybazaar, has received the Securities and Exchange Board of India (SEBI) approval for its wholly-owned subsidiary PB Marketing and Consulting Pvt Ltd to operate as a stock broker in the debt segment of the National Stock Exchange (NSE).

The approval covers fixed-income instruments like corporate bonds, government securities, and treasury bills, filings with the stock exchanges show. 

It, however, does not extend to equity trading, derivatives, or commodities without additional regulatory permissions.

This latest move reflects PB Fintech's broader ambition to grow well beyond its insurance aggregation roots, having already made steady inroads into lending, payments, and wealth management over recent years.

On the financial side, the company posted a 37% jump in its operating revenue year-on-year to Rs 2,061 crore in the January- March quarter of last fiscal FY26. Its net profit surged 54% to Rs 261 crore during the quarter.


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