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Economy News

The Economic Times

Economy / The Economic Times

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Irdai commission curbs spark sharp selloff in insurers, banks and NBFCs

Shares of insurers, banks, and non-banking finance companies dropped sharply following proposed commission caps by Irdai. The proposals raised concerns over the outlook for businesses reliant on insurance distribution. Major companies such as PB Fintech and Max Financial Services experienced significant declines. Analysts indicate that banks and NBFCs could face negative impacts from the changes in commission structures.

24 Sep 2026 11:39 pm