{
  "id": 17781274,
  "title": "PB Fintech’s Shares Hit Fresh Low Of ₹928.1, Down 48% Since IRDAI’s Proposed Insurance Overhaul",
  "url": "https://urgent.news/2026/11/02/pb-fintechs-shares-hit-fresh-low-of-928-1-down-48-since-irdais",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-02T10:28:31.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/pb-fintechs-shares-hit-fresh-low-of-%e2%82%b9928-1-down-48-since-irdais-proposed-insurance-overhaul/"
  },
  "original_language": "en",
  "account": "PB Fintech, a leading insurtech company, saw its shares hit a new 52-week low of ₹928.10 on September 26, marking a 48% decline since September 23. This came after the Insurance Regulatory and Development Authority of India (IRDAI) released its consultation paper to overhaul the insurance distribution industry. The company's market capitalization fell to ₹42,948.08 Cr ($4.53 Bn), down from $9.07 Bn at the end of September. Despite a 42.5% YoY increase in consolidated net profit to ₹192.4 Cr in Q2 FY27, the stock's decline was attributed to higher operating costs and regulatory uncertainty. PB Fintech's online business, including platforms Policybazaar and Paisabazaar, generated ₹1,336 Cr in revenue, up 39.5% YoY. The company's core credit disbursements rose 22% YoY to ₹2,791 Cr but were flat sequentially. While the company has begun cost-cutting measures, including reducing hiring levels, it remains in discussions with the regulator about potential changes to its PoSP model should the proposed rules be adopted.",
  "summary": "Shares of insurtech major PB Fintech hit a fresh 52-week low today, plunging about 8% to ₹926 apiece on the…",
  "key_points": [
    "PB Fintech shares hit ₹928.10, a 52-week low, on September 26",
    "48% decline since September 23, market cap falls to ₹42,948.08 Cr",
    "Q2 FY27 profit up 42.5%, but stock declines due to higher costs and uncertainty"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}