PB Fintech, the parent company of Policybazaar, has received approval from Securities and Exchange Board of India (SEBI) 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 of India (NSE).
The company disclosed the development in a stock exchange filing on Friday.
The approval allows PB Fintech to facilitate transactions in fixed-income instruments such as corporate bonds, government securities, treasury bills, and other debt products. However, the permission is currently limited to the debt segment and does not include equity trading, derivatives, commodities, or futures and options (F&O) activities, which would require separate regulatory approvals.
The move marks another step in PB Fintech’s broader strategy to expand beyond its core insurance aggregation business into a wider financial services ecosystem.
Over the past few years, the company has been gradually building its presence across lending, payments, and wealth management offerings, aiming to evolve into a full-stack fintech platform.
The development also comes shortly after Chinese technology giant Tencent sold a 1.05% stake in PB Fintech through a block deal valued at around ₹805 crore.
On the financial front, PB Fintech recently reported strong quarterly results. The company posted a 37% year-on-year increase in operating revenue to ₹2,061 crore, while net profit rose 54% to ₹261 crore during the quarter.
Following the latest trading session, PB Fintech’s shares closed at ₹1,647.9, giving the company a market capitalization of approximately ₹76,247 crore ($8 billion).
The company’s entry into debt broking reflects growing investor interest in fixed-income investment products and the broader trend of fintech platforms expanding into wealth and investment services.
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