Question
What total fine did the Insurance Regulatory and
Development Authority of India (IRDAI) impose on HDFC Life for various regulatory infractions in August 2024?Solution
HDFC Life was penalized ₹2 crore by IRDAI for several regulatory breaches detected during an inspection for the financial years 2017-18 to 2019-20. This substantial fine underscores IRDAI’s commitment to stringent enforcement of regulations to protect policyholders' interests and maintain integrity within the insurance sector.
What are the basic parameters required for stabilizing ALM of bank?
             I.       Net Interest Margin
   ...
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