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PB Fintech Shares Rally 6 Percent After 7-Day Slide
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CNBC Awaaz•06-10-2026, 14:39
PB Fintech Shares Rally 6 Percent After 7-Day Slide
- •PB Fintech shares rose nearly 6 percent after a continuous seven-day decline following a letter written to Prime Minister Narendra Modi.
- •The Insurance Brokers Association of India sought intervention regarding IRDAI's proposed changes on insurance commissions.
- •IBAI warned that strict commission caps and expense limits could impact employment, reach, and competition in the sector.
- •Brokerage firms like Bernstein and Nuvama noted that PB Fintech could face near-term pressure and unit economic challenges from the proposed cuts.
Key Questions Answered
PB Fintech's shares rose by nearly 6 percent on October 6 after a seven-day losing streak ended, following news that the Insurance Brokers Association of India (IBAI) wrote a letter to Prime Minister Narendra Modi seeking intervention regarding IRDAI's proposed changes.
IBAI is concerned that strict caps on commissions and a one-third cut in the total expense limit of insurance companies could negatively impact employment, market reach, competition, and potentially risk 1 million jobs over a five-year transition period.
The association supports measures to curb mis-selling, including a proposed ban on bundling insurance with loans and the enforcement of strong conditions to check whether a policy is suitable for a customer's specific needs.
