IRDAI slaps ₹5 crore penalty on Policybazaar for regulatory violations

Exercising its powers under Section 102 of the Insurance Act, 1938, IRDAI also issued a direction, advisory, and caution to the company. The regulator’s order pointed to multiple regulatory lapses that warranted penal action. Shares of PB Fintech Ltd ended at ₹1,781.95, up by ₹1.40, or 0.079%, on the BSE.

from Business News in CNBCTV18, Business Latest News, Business News https://ift.tt/sdgkTeG

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