PB Fintech loses Rs 42,000 cr in 7 sessions, hits 32-month low

PB Fintech, the parent company of Policybazaar, has seen its stock value plummet over the past seven sessions, losing a significant amount of money. The company's market capitalisation has fallen from ₹87,290 crore to ₹45,174 crore, a decline of over 48%. This sharp drop in value has pushed PB Fintech to a 32-month low. The decline is largely due to a proposed cap on distributor commissions by the Insurance Regulatory and Development Authority of India (Irdai), which has raised concerns among investors.

Why it matters

PB Fintech's stock value has declined significantly, losing Rs 42,000 cr in 7 sessions. This decline is likely due to the consultation paper from Irdai proposing caps on distribution fees, which could negatively impact the company's business.

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