NewsData.io24 Sept 2026, 12:10 pm ISTDelayed
PB Fintech shares drop 36% following insurance regulator's proposal
What happened
- PB Fintech shares fell 36% after the insurance regulator proposed lower commission limits.
- The proposal aims to limit management expenses and commissions for insurers.
- Market value for several financial and insurance companies declined following the news.
Key terms explained
Financial terms from this story, in everyday words.
- Commission
- A fee paid to an agent or broker for selling an insurance policy.
- Market value
- The total value of a company's shares as determined by the stock market.
Original source
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