Bank stocks fell on 24 September due to regulatory scrutiny of bank-led insurance distribution. The IRDAI questioned the remuneration structures and their alignment with the work involved, pushing for a shift towards customer value and long-term outcomes.
Bank, financial stocks tumble as IRDAI flags high insurance payouts; Axis Bank, IDFC First Bank, Bajaj Finance tank
Published ·
Keep reading
Related stories
Bank Holidays: आज रविवार को बैंक खुले हैं या बंद? जानिए 27 सितंबर को किन-किन बैंकों में रहेगी छुट्टी
