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SBI fined by IRDA for 4 lacs

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(G.N.S) Dt. 26 Insurance Regulatory and Development Authority of India (IRDA) has imposed a fine of Rs 4 lakh on SBI Life Insurance for violation of regulatory norms. The IRDA order states that the life insurance company will have to deposit the account of shareholders within 45 days of receiving the order. It states that this order will be placed before the board of directors of SBI Life in the

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