IndusInd Bank penalized ₹1 crore by IRDAI for failing to comply with corporate agent regulations and grievance redressal norms.

IRDAI penalises ICICI Lombard ₹1 crore for regulatory violations in outsourcing, governance, and compliance issues.

IndusInd Bank faces a Rs 1 crore penalty from IRDAI for failing to provide an adequate, insurance-specific grievance redressal mechanism for policyholders. Despite claims of an…