₹85,000 crore gone! PB Fintech to HDFC Bank — these 5 financial stocks witness highest wealth erosion on IRDAI's move
Mint 52 min ago·24 Sept 2026, 7:28 am
Excerpt from Mint
Financial stocks faced significant selloff on Thursday due to proposed changes by IRDAI to insurance distribution and commission structures, erasing ₹ 1.12 lakh crore in market capitalisation. Major losses were seen in Bajaj Finance, PB Fintech, HDFC Bank, and Axis Bank, leading the decline. Financial stocks came…Read the original at Mint
Affected stocks
Bearish4 stocks
PB Fintech
POLICYBZR Bearish
₹1,886.30
HDFCBANK
HDFCBANK Bearish
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BAJFINANCE
BAJFINANCE Bearish
—
AXISBANK
AXISBANK Bearish
—
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns PB Fintech (POLICYBZR).
- Category: Corporate Action.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
- Also mentions HDFCBANK, BAJFINANCE, AXISBANK.
Why it matters
This is a high-impact development for PB Fintech and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
