BusinessPB Fintech Shares Drop 48% in Six Days Amid Commission Changes
PB Fintech shares, which include Policybazaar and Paisabazaar, have fallen 48% over six trading sessions due to proposed changes in insurance commission structures. Brokerages have revised their earnings estimates downward, expressing concerns about profitability in general insurance and the Point of Sale Person (POSP) model. Bernstein notably cut its target price by 53%, signaling further downside risks.
Mint Markets·



