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The Economic Times
The Economic Times
Business

PB Fintech: A record debut in 2021, a record ₹31,400 crore wipeout & now the biggest storm the Gurugram co can face

Shares of insurance distribution platform PB Fintech witnessed heavy selling pressure on Thursday after the Insurance Regulatory and Development Authority of India (IRDAI) proposed sweeping changes to insurance distribution economics, raising concerns about the future earnings prospects of intermediaries.

For PB Fintech, the regulatory shock strikes at the heart of a business built not on making insurance, but on helping Indians buy it.

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