PolicyInc42about 1 hour ago
IRDAI Commission Caps Sink Insurtech Stocks
6 min read
India's IRDAI proposed product- and channel-specific commission caps, sending PB Fintech down 7.8% to a 52-week low and Turtlemint to a 20% lower circuit. The regulator removed such limits in April 2023. Brokerages cut targets, with Jefferies warning a 10% commission cut could reduce PB Fintech earnings 10%-12%. Comments close October 25.
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