PB Fintech Drops on Insurance Commission Caps
Indian insurance shares fell after regulators proposed capping commission payouts and banning bundled loans. PB Fintech dropped sharply following the announcement.
Xurve View
Insights:
Xurve View
PB FINTECH LTD plunged 36% on Wednesday afternoon, wiping out 314 billion rupees ($3.27 billion) in market capitalisation after India's insurance regulator proposed strict commission caps. The drop marked the company's largest one-day decline on record.
