PB Fintech to cut costs at Paisabazaar amid unsecured loan slowdown

PB Fintech will take corrective measures to bring down operating costs at its financial services arm, Paisabazaar. Steps may include reduction in workforce, as a slowdown in unsecured loans has impacted its growth.

“We did not anticipate the slowdown (in unsecured loans) to last this long. We will be taking some corrective actions on the operating cost front,” Yashish Dahiya, chairman and CEO of PB Fintech, told analysts during the Q2FY25 earnings call.