PolicyET Techabout 2 hours ago
PB Fintech Shares Crash 36% on IRDAI Commission Caps
7 min read
India's insurance regulator IRDAI proposed capping commissions across life, health and motor insurance, sending PB Fintech shares down 36% on Thursday and erasing over ₹31,400 crore in market value. CEO Yashish Dahiya said general insurance revenue could fall by one-third to 40%, prompting slower hiring and reduced marketing spending.
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