Synopsis:

PB Fintech plunged heavily after IRDAI raised concerns over high commission and distribution costs in the insurance sector and instructed them to reduce commission & distribution costs.

The shares of this leading insurance services provider are in focus after a key ruling from the insurance regulator announced a key development. In this article, we will dive more into the details.

With a market capitalization of Rs 77,915 crore, the shares of PB Fintech Ltd made a day low of Rs 1682.45 per share, down by 7 percent from its previous day closing price of Rs 1801.75 per share. In the last one year, the stock has delivered a negative return of 6 percent, as compared to NIFTY 50’s return of -3 percent.

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The stock price of PB Fintech dropped by almost 7 percent d

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