PB Fintech, the parent company of Paisabazaar, has announced its aim to increase the share of secured disbursals on the Paisabazaar platform to 50% of the total disbursals. This goal is outlined in the company’s annual report.
The company will hold its 16th Annual General Meeting (AGM) on Friday, September 27, 2024, at 11:00 A.M. IST. The meeting will be conducted via Video Conference (VC) and Other Audio Visual Means (OAVM) in compliance with the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations.
Paisabazaar has already made significant strides in digital processes. Currently, 75% of credit cards are issued and over 50% of loans are disbursed through end-to-end digital processes on the platform. The integration of multiple partner journeys into Paisabazaar’s platform has enabled a seamless, paperless experience for consumers, advancing the company’s digital strategy.