India, March 16 -- What's brewing at PB Fintech? That's the question many are asking this past week after the release of a curious report by Mumbai-based Trudence Capital.

The PB Fintech analysis by Trudence questioned past revenue recognition practices by the company, as well as the role of Paisabazaar, PB Fintech's lending arm, and even allegations about misleading analysts and investors in post-earnings calls by PB Fintech.

In a report titled 'Premium Promises and Discounted Truths', Trudence claimed that since March 2023, there has been a sharp increase in total commission paid to insurance distributors to secure new customers. In the following fiscal year i.e FY24, PB Fintech saw a three-fold jump in brokerage commission earned.

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