IRDA slaps Rs 50 lakh fine on SKS Microfinance
PTI: New Delhi, Feb 20 2013, 22:02 IST
under provisions existing provisions.
"Following this spirit, it is clear that about half of the amount charged is actually service charge and was not disclosed to the members as additional cost. Hence, this is certainly a deliberate lapse on the part of the Master Policy Holder," it said.
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