PB Fintech shares downgraded, price target cut by nearly 50% on core earnings risk

Shares of PB Fintech Ltd. were downgraded by brokerage firm HSBC on Friday, September 25, after the company warned of risks to its core earnings if the draft IRDAI regulations are implemented as proposed.HSBC has downgraded PB Fintech to "hold" from its earlier rating of "buy" and also cut its pric…