Economy
PB Fintech shares crash 34% following IRDAI insurance distribution proposals
Livemint1h
THE BRIEF
1
PB Fintech share price plummeted 34% to hit the lower circuit at ₹1,247.40 during Thursday's session amid heavy selling pressure.
2
The slump followed the Insurance Regulatory and Development Authority of India's draft proposal to overhaul insurance distribution and commission norms.
3
The proposed reforms seek to tighten Expense of Management limits, restrict dark patterns, and recalibrate the commission framework.