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Market move▼ Bearish for PB Fintech
Stocks to watch: PB Fintech, MCX, NSE, Inox Green, Waaree Energies, Dr Lal
The brief
- PB Fintech flagged potential pressure on general insurance revenue and agent commissions
- Its life insurance business is expected to see limited impact
- Potential general-insurance pressure puts PB Fintech shares in focus; life insurance impact is limited
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| POLICYBZR | Fri, 25 Sept | −3.4% | −3.7% | 16× | −3.4% · Nifty +0.3% |
✓ Classifier read this as negative; POLICYBZR fell 3.7% against the Nifty on the day it traded.
- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI
- LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member
- Insurance reforms aim to cut costs, widen access: IRDAI chairman Ajay Seth
- Insurers seek phased rollout of commission reforms, scale-based EoM caps
- IRDAI’s insurance distribution reforms: What changes for insurers, brokers, customers