Banks, NBFC insurance income at risk on Irdai fee caps
Insurance stocks tumbled on Thursday after the proposals. Turtlemint hit its 20% lower circuit at ₹109.10, while PB Fintech hit its 10% lower circuit at ₹1,701. ICICI Prudential Life fell 7.6% to ₹448, HDFC Life declined 5.6% to ₹530.15 and LIC was down 2% at ₹399 during morning trade, according to BSE.
