PBFintech, the parent entity of Policybazaar, is having a dream run at the stock exchanges. The company is nearing a $10 billion market capitalisation as its stock price has grown to around Rs 1,800 from Rs 1,000 six months ago. While Policybazaar is yet to taste profits from its new initiatives, it is definitely seeing its losses cut down.
Yes Bank shares rise 3% after Q2 business update shows loans surging 24% YoY, deposits up 20%
Yes Bank shares rose after the lender reported a 23.8% YoY growth in loans and advances to around Rs 3.1 lakh crore in Q2 FY27.