PB Fintech profit jumps 4.5X on health cover, secured loans
Revenue rose 33% to Rs 1,348 crore.
Total insurance premium climbed 36% to Rs 6,616 crore, led by a 65% surge in new health insurance. Renewal revenue, a key profit driver, grew 43% year-on-year to Rs 725 crore. 'Our health and protection segments remain the primary growth drivers, and renewal income continues to scale consistently,' the company said in its earnings release.
While unsecured lending on Paisabazaar fell 33%, secured loans helped lift overall lending disbursals by 123% to Rs 7,003 crore. PB Fintech also approved unsecured loans of up to Rs 300 crore to Policybazaar and Rs 100 crore to Paisabazaar for business expansion.
The company added that 70% of credit disbursals came from repeat customers and highlighted its focus on deepening its financial wellness platform by expanding into fixed deposits and bonds.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
25 minutes ago
- New Indian Express
Hockey field, RoB, osmosis plant: Pondy to get infra boost with Rs 200cr aid, Rs 4,950cr ADB Loan
PUDUCHERRY: Chief Minister N Rangasamy on Friday announced a major infrastructure development drive, with the centre providing a Rs 200 crore special assistance and a Rs 4,750 crore soft loan approved by Asian Development Bank (ADB). At a press conference with Public Works Department (PWD) Minister K Lakshminarayanan, he said that a detailed project report for 14 infrastructure works worth Rs 129.56 crore has been already approved by the centre. The projects are expected to begin shortly and will be completed by March 2026. Alongside this, projects worth Rs 5 crore from the state government's funds have been instructed to be completed. 'We are going to revise the projects for the remaining Rs 80 crore and send them back to the Central Government," he said. Approved projects include the completion of the long-pending road over bridge across the Uppanar canal, underground power cabling from JIPMER to Venkatanagar substation, installation of 50 community reverse osmosis plants, construction of bus shelters, laying of Astroturf hockey field and synthetic athletic track, and road improvements. New government buildings also feature in the plan. The larger ADB-funded initiative will focus on critical sectors including drinking water, sewerage, and roads. One of the key projects includes two desalination plants at Rs 1000 crores. As per the agreement between the Puducherry government and the Tamil Nadu government, a Rs 350 crore project has been planned to supply water to 140 kilometers by laying a pipeline from the Sathanur dam to Bahour and kirumampakkam lakes beneath Penniyar river. Apart from this, Rs 250 crore is allocated to build underground sewers, and Rs 189 crore for development of roads in Puducherry government departments. The portfolio will be allotted to the minister at any time, the CM said. A 100 MLD water treatment plant will also be built at Sankarabarani River to implement a 24x7 'drink from the tap' scheme. Two 50 MLD desalination plants will also be set up at Dubrayapet. Urban renewal projects will include expansion of the iconic Puducherry Promenade from the Old Port to Chunambar and Muthialpet. An elevated corridor between Marapalam and Ariyankuppam Junction has been planned to ease traffic congestion. Improvements to pedestrian infrastructure on Nehru Street, M.G. Road, and Mission Street, and construction of multilevel parking facilities at the Old Jail Complex and Grand Canal, are also on the anvil. The government plans to link commune headquarters like Bahour, Nettapakkam, and Mannadipet, Sedarapet and Kalapet, to the new National Highway from Kunimedu to Thiruvandarkoil to improve road connectivity. Villianur and Murungapakkam will be connected to the Villupuram–Nagapattinam bypass, with the widening of 50 km road and land acquistion.
Hans India
an hour ago
- Hans India
RBI's status quo to boost affordable housing segment
Hyderabad: The Reserve Bank of India (RBI) has decided to keep the repo rates unchanged at 5.5 per cent, also taking cognizance of the ongoing tariff uncertainties and the possible impact on the Indian economy. Indian real estate weathers unrelenting turbulence as the sentiment is pressured by Trump's new 25 per cent tariffs and a notable 20 per cent plunge in housing sales across top metros, as per the latest international property consultant Anarock. In Q2 2025 alone, just 96,285 homes were sold, a steep fall from 120,335 a year ago, indicating increasing buyer hesitancy and market uncertainty. Amid these headwinds, the central bank's policy choices come with high relevance to initiate a turnaround and arrest further market deterioration. Jagannath Rao Bandari, President-Elect, Credai Hyderabad, adds that 'the RBI's decision to hold the repo rate at 5.5% reflects a prudent approach that supports stability in Hyderabad's real estate sector. While a 0.5% reduction could have further boosted homebuyer interest, the current steady stance fosters confidence among developers and investors. To accelerate housing demand, stakeholders should focus on innovative financing solutions and government incentives to enhance affordability and promote inclusive growth in Hyderabad's dynamic market.' Anarock data shows that average residential prices across the top seven cities combined have increased by 39 per cent in the last two years alone – from Rs 6,470 per sq ft as of Q2 2023 to Rs 8,990 per sq ft as of Q2 2025. The affordable housing segment's fate may be further dampened by the ongoing global trade tensions and tariffs imposed by the Trump administration. This is largely because of its impact on the MSMEs – the key target audience of the affordable segment. 'A rate cut leading to lower interest rate environment would have particularly boosted the affordable housing segment, which has been under considerable pressure in recent years,' said Anuj Puri, Chairman of Anarock Group. He said, 'Homebuyers are currently driven by long-term confidence rather than short-term rate fluctuations. During this festive season, developers may look to keep the market momentum going with offers and flexible payment plans, which may help improve affordability for many buyers.'
Hans India
an hour ago
- Hans India
Centre questions AP govt over unreleased panchayat funds
Panchayat Raj funds, Andhra Pradesh, 14th Finance Commission, 15th Finance Commission, fund disbursement delay, Union ministry letter Vijayawada: The Union ministry of panchayat raj has sent a letter to the Andhra Pradesh government questioning the delay in disbursing funds from the 14th and 15th Finance Commissions to gram panchayats. In a letter addressed to AP's principal secretary for panchayat raj and rural development, Sasibhushan Kumar, the ministry's director, Ram Pratap, sought an explanation for the delay. The issue came to light after officials reviewed the e-Gram Swaraj portal, which tracks the release of funds. The letter highlights that the Central government released the second installment of funds from the 15th Finance Commission for 2024-25 to Andhra Pradesh seven months ago, but the amount has not yet been credited to the Gram Panchayats. According to the e-Gram Swaraj portal, these funds have not been transferred to rural local bodies. The letter also noted that the state government has not submitted the Grant Transfer Certificate for these funds. The ministry has directed the government to immediately release the Rs 1,121 crore, along with accrued interest, as per the guidelines issued by the ministry of finance on July 14, 2021. These guidelines mandate that state governments must transfer central funds to local bodies within 10 working days of receipt. The Union ministry also pointed out that Rs 679 crore from the 14th Finance Commission remains unspent as of August 5. The letter demands an explanation for these unspent funds and directs the state government to provide a clear report on their status. The letter further states that the term of the 4th State Finance Commission ended in 2024-25. While the 5th State Finance Commission (SFC) was constituted on March 3, 2023, its report has not yet been submitted to the state legislature. The ministry has requested an update on the current status of the 5th SFC report and urged the state to finalise it and send it to the Union ministry of panchayat raj immediately. The action by the Union ministry follows a meeting held in Delhi on July 11, 2025, between officials and Dr Jasti Veeranjaneyulu, national vice president of All India Panchayat Parishad (Delhi) and state chairman of Andhra Pradesh Panchayat Parishad. Dr Veeranjaneyulu had submitted a petition urging the release of both the pending 14th Finance Commission funds and the new 15th Finance Commission funds to the state's local bodies.
