PB Fintech Legal & Regulatory
PB Fintech's subsidiary, Policybazaar, received a show cause notice and advisory from IRDAI regarding past inspection observations. The company stated no material financial impact exists.
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PB Fintech's subsidiary, Policybazaar, received a show cause notice and advisory from IRDAI regarding past inspection observations. The company stated no material financial impact exists.
PB Fintech's subsidiary, Paisabazaar, received a tax order confirming disallowances of ₹145.91 Crore for FY 2021-22 and FY 2022-23. The company plans to appeal the order. Additionally, the CIT(A) directed the Assessing Officer to verify and allow certain brought-forward loss set-offs, mitigating the immediate financial impact.