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The Reserve Bank of India (RBI) has imposed a monetary penalty on the State Bank of India (SBI), Punjab & Sind Bank, and Indian Bank owing to non-compliance with certain regulations. SBI is penalised with Rs 1.30 crore due to lack of compliance with directions on 'Loans and Advances – Statutory and Other Restrictions' and 'Guidelines on Management of Intra-Group Transactions and Exposures'. Meanwhile, Indian Bank is charged with Rs 1.62 crore for non-compliance with 'Loans and Advances – Statutory and Other Restrictions', along with 'Reserve Bank of India [Know Your Customer (KYC)] Directions, 2016' and 'Reserve Bank of India (Interest Rate on Deposits) Directions, 2016'. Punjab & Sind Bank has to pay a fine of Rs 1 crore for failing to comply with regulations on 'The Depositor Education and Awareness Fund Scheme, 2014–Section 26A of Banking Regulation Act, 1949–Operational Guidelines'.
Under which Section of the Specific Relief Act, 1963 the court has been empowered to engage expert in any suit?
One Person Company shall file a copy of the financial statements duly adopted by its member, along with all the documents which are required to be attac...
A warrant trial is instituted:
Writ Jurisdiction powers have been conferred on Supreme Court under Art/s______?
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A makes an attempt to steal some jewels by breaking open a box, and finds after so opening the box, that there is no jewel in it. He has________________...
Constitution of the rent control tribunal is under:
The rent controller shall execute the order through one of more than one mode:
According to the Industrial Relations Code what is the maximum number of members allowed on the Grievance Redressal Committee, and what is the requireme...
The period of limitation for filing any suit (for which no period of limitation has been provided in Schedule of the Limitation Act) shall be:
