regulatory violations News

Policybazaar Faces Record Rs 5 Crore Fine from IRDAI for Multiple Regulatory Violations

IRDAI has imposed a record Rs 5 crore fine on Policybazaar for violations including conflict of interest, biased product promotion, and irregular outsourcing payments, following a ...

Irdai Establishes Expert Panels to Investigate Regulatory Violations in the Insurance Sector

Irdai forms expert panels to investigate regulatory violations by insurers and intermediaries, approves Kiwi General Insurance's R1 application, and sets future regulatory obligati...

Sebi Reveals Indiabulls Housing Finance Violated Regulations, Supreme Court Notified

Sebi has notified the Supreme Court about regulatory violations by Indiabulls Housing Finance, now Sammaan Capital, involving the Sebi (LODR) Regulations, 2015. An administrative w...

RBI Slaps Heavy Fines on HDFC and Punjab & Sind Bank for Regulatory Violations

The Reserve Bank of India (RBI) has fined HDFC Bank Rs 75 lakh for KYC norm violations and Punjab & Sind Bank Rs 68 lakh for lapses in reporting and financial inclusion guidelines,...

Ex-Sebi Chief Madhabi Puri Buch Faces FIR Over Alleged Stock Market Fraud and Regulatory Violations

A special court has ordered an FIR against former Sebi chairperson Madhabi Puri Buch and five others for alleged stock market fraud and regulatory violations. The court found prima...