PB Fintech Leads Slump in India Insurance Stocks on Fee Cap Plan
PB Fintech Ltd. led a slide in shares of Indian insurance companies, distributors and lenders on Thursday, after the country’s insurance regulator proposed caps on commissions and tighter management expenses.
By Divya Patil and Alex Gabriel Simon · Bloomberg Markets
PB Fintech Ltd. led a slide in shares of Indian insurance companies, distributors and lenders on Thursday, after the country’s insurance regulator proposed caps on commissions and tighter management expenses.