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PB Fintech extends losing streak to 7 sessions, stock hits 32-month low

Mumbai: PB Fintech, parent of online insurance distribution platform Policybazaar, extended its decline for a seventh straight session in Monday's trading, wiping out more than ₹42,000 crore in market capitalisation and pushing the stock to a nearly 32-month low.The decline comes after the Insurance Regulatory and Development Authority of India (Irdai) released a consultation paper on September 23 proposing caps on distributor commissions.Read more: Sebi to partly reverse derivative settlement …

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Economic TimesLean R·2h ago
PB Fintech extends losing streak to 7 sessions, stock hits 32-month low
Mumbai: PB Fintech, parent of online insurance distribution platform Policybazaar, extended its decline for a seventh straight session in Monday's trading, wiping out more than ₹42,000 crore in market capitalisation and pushing the stock to a nearly 32-month low.The decline comes after the Insurance Regulatory and Development Authority of India (Irdai) released a consultation paper on September 23 proposing caps on distributor commissions.Read more: Sebi to partly reverse derivative settlement …
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PB Fintech extends losing streak to 7 sessions, stock hits 32-month low

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PB Fintech extends losing streak to 7 sessions, stock hits 32-month low

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