PB Fintech, the parent of Policybazaar and Paisabazaar, has received SEBI approval for its wholly owned arm PB Marketing and Consulting to act as a stock broker for the debt segment on the NSE. The licence starts from May 8, though certification is still pending, positioning the firm against newer wealth and brokerage players as it diversifies amid scrutiny over insurance commission revenue.
An asset management company is planning to launch a ₹1,000 crore bond issue, aiming to be among the first movers in the debt market. The strategy banks on current liquidity conditions and signs of early investor interest, positioning the issuer to capture demand ahead of competitors.
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