reserve-bank-of-india

RBI Imposes Penalties on 22 Banks with Fines Upto ₹30 Million

The Reserve Bank of India (RBI) has imposed penalties on 22 banks, including State Bank of India (SBI), Bank of Baroda and Canara Bank, for violating rules of customer identification and anti-money laundering. The banks have been fined ranging from ₹5 million to ₹30 million for the offence. Jul 15, 2013
the-reserve-bank-of-india

Saradha Chit Fund Scam: Why Mamata Reacts, not RBI?

The chit fund company has, no doubt, defrauded thousands of investors, including the poor and to portray herself as pro-poor, Mamata reacted rather abruptly creating a ₹500-crore fund to help these investors. More than helping the poor, the CM's move brings into question how such frauds should be dealt with in future, both by the government and the regulator, here the RBI. Apr 25, 2013
kkr-sunil-narine

IPL 2013 Score: Sunil Narine Takes Season's First Hat-Trick, But KKR Crash to Kings XI

Sunil Narine produced that magical feat that bowlers dream of - the hat-trick -- for the first time in IPL 2013, as a see-saw battle went right down to the wire, with Kings XI Punjab pulling off a thrilling four-run win over the Kolkata Knight Riders. Kings XI made good use of their home conditions, as they picked themselves up from losing three wickets in a row to Narine, with Manpreet Singh Gony's pyrotechnics in the final overs taking his side to 157 for nine in their 20 overs. Apr 16, 2013