Bank, NBFC Stocks Fall As IRDAI Proposes Curbs On Loan-Linked Insurance Sales And Commissions
Shares of major banks and non-banking financial companies came under pressure on September 24 after the Insurance Regulatory and Development Authority of India (IRDAI) proposed tighter regulations on insurance products sold along with loan offerings. Financial institutions that earn sizeable fee income from credit-life insurance and bancassurance channels witnessed selling pressure following the…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
