PB Fintech Gets Stock Broking Licence From SEBI For Debt Segment

by · Inc42

SUMMARY

  • PB Fintech will offer brokerage services on the NSE for the debt segment, includes trading in fixed-income instruments like corporate bonds, government securities, and treasury bills
  • The move is part of the company’s efforts to diversify its business and add one more revenue stream, especially with its main revenue driver is the commission earned from insurance distribution which carries significant regulatory overhang
  • Debt investments in India are still underpenetrated for retail participants due to the absence of digital-first retail focused brokerage services like those available for equity markets