Fusion Finance reported its fourth consecutive quarterly loss, with ₹165 crore net loss in Q4 FY25 due to high bad loan provisions. Gross NPAs rose sharply, while AUM and interest income declined. Borrowing covenant breaches added pressure.
IRDAI proposes clawback of commissions in case of mis-selling
Under the proposed framework, distributors could be rewarded for the quality of sales and servicing, while commissions could be clawed back in cases of mis-selling.