BusinessPB Fintech Shares Drop Over 30% After IRDAI Proposes Lower Commissions
PB Fintech shares fell more than 30% following the Insurance Regulatory and Development Authority of India's (IRDAI) proposal to reduce insurance commissions. The regulator suggested changes to distribution and payout norms aimed at curbing commissions and tackling mis-selling. These proposals have caused significant stock market reactions and raised concerns about the future of insurance manufacturing and investor returns.
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