fintech / news / / CNBC TV18
HSBC has maintained its 'Buy' rating on PB Fintech and raised its price target.
HSBC raised its price target for PB Fintech to ₹2,100, indicating a 23.4% upside.
KEY POINTS
- PB Fintech added 1.5 million transacting customers per quarter on average during FY26.
- The company's cost-to-operating income ratio improved to 95% in FY26 from over 100% in FY25.
- HSBC has raised PB Fintech's EPS forecasts by 1.5-2.2% for FY27-FY29.
- Losses from PB Fintech's credit distribution business are easing as newer initiatives scale.
COMPANIES
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