PB Fintech (Policybazaar) shares are in focus today after CNBC reports suggested that insurers may consider rolling back commission cuts either fully or partially. At the time of writing, the shares were trading 0.72% lower at Rs 1,751.50.
According to sources cited by CNBC-TV18, insurers had earlier informed distributors, including Policybazaar, about an 18% reduction in commissions. In response, Policybazaar reportedly warned that such cuts could push business toward competitors offering higher commissions.
The report indicates that general, health, and life insurers are likely to renegotiate commissions and rewards with Policybazaar, with non-bank insurers leading the move. Insurers may roll back cuts either fully or partially. CNBC-TV18 has reached out to Policybazaar for comment, and a response is awaited.
The stock opened at ₹1,770 and has seen intraday movement between ₹1,729 and ₹1,770. It closed at ₹1,764.20 in the previous session. Over the past 52 weeks, PB Fintech has traded between ₹1,311.35 and ₹2,246.90. Trading volume stood at 3,63,180 shares as of 11:15 AM.
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