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Bank, NBFC Stocks Fall As IRDAI Proposes Curbs On Loan-Linked Insurance Sales And Commissions

Bank, NBFC Stocks Fall As IRDAI Proposes Curbs On Loan-Linked Insurance Sales And Commissions
Photo: Free Press Journal · view original

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...

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