News From Press IRDAI imposes Rs 2 crore penalty on Bajaj Finance for violating regulations

IRDAI imposes Rs 2 crore penalty on Bajaj Finance for violating regulations

Source: Moneycontrol 9 hours ago

Insurance Regulatory and Development Authority of India (IRDAI) has levied a penalty of Rs 2 crore on Bajaj Finance for the violation of regulatory norms, the Pune-based NBFC said in an exchange filing on July 16.

The non-banking financial company said the insurance regulator had conducted an onsite inspection of Bajaj Finance Limited between March 3, 2021 and March 5, 2021 for the period FY18 to FY20, the firm said in the filing.

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