BusinessPB Fintech Shares Fall 5% Amid IRDAI Overhaul Concerns
PB Fintech shares fell another 5% following a 36% drop the previous day, as investors reacted to IRDAI's proposed changes to cap product-wise commissions. The stock rout caused significant losses for mutual funds, totaling around Rs 11,000 crore. The insurance sector faces uncertainty over premium pricing and distribution amid regulatory reforms.
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