Biggest business risk is regulatory risk: Nithin Kamath as IRDAI proposal triggers market crash

Zerodha founder Nithin Kamath said "the biggest risk for any regulated business is regulatory risk" after insurance regulator IRDAI proposed new measures to cap insurance commissions. "One regulation change can alter economics, and the stock price with it," Nithin added. Insurance stocks fell after the proposal and Indian investors lost around ₹4 lakh crore as Sensex fell over 1,200 points.