PB Fintech shares crashed another 6% to a day’s low of Rs 1,082 on the BSE on Tuesday, taking their four-session fall to 42% and wiping out Rs 37,000 crore in market value.
The selloff comes after the Insurance Regulatory and Development Authority of India (IRDAI) proposed a ban on ‘dark patterns’ on insurance websites, including practices that require customers to share personal details before accessing product features and pricing information.