BofA Lowers PB Fintech Target by 19% Over Insurance Commission Concerns

6 Oct 2026, 2:34 pm · 1h ago · 1 min read · EntrackrNew

Bank of America has slashed PB Fintech’s target price by 19% to Rs 1,145 while maintaining a Neutral rating, citing potential earnings risks from IRDAI’s proposed insurance commission changes. The brokerage warned that Policybazaar’s earnings per share could fall 39% to 41% across FY28 and FY29 if rules take effect unchanged. However, BofA still projects PB Fintech to post 31% year-on-year revenue growth to Rs 2,115.7 crore and a 62% profit jump to Rs 218.7 crore in Q2. Concurrently, BofA maintained a Buy rating on Paytm with a Rs 1,775 price target.