Thursday, August 1, 2024

BANKING

IRDAI imposed a Rs 2 crore penalty on HDFC Life due to regulatory violations identified during an inspection of financial years 2017-2020. Rs 1 crore was for issues related to policyholders' interests, and Rs 1 crore for outsourcing irregularities. Additional directions were issued to ensure compliance with regulatory standards.

from Banking/Finance-Industry-Economic Times https://ift.tt/aybtRs4
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