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The Reserve Bank of India (RBI) has imposed penalties on two private-sector lenders – ICICI Bank and Kotak Mahindra Bank. ICICI Bank was fined Rs 12.19 crore as the regulator found from its Inspections for Supervisory Evaluation (ISE) for its financial position as on March 31, 2020, and March 31, 2021, that the bank sanctioned/committed loans to firms in which two of its directors were also directors. ICICI Bank was also found marketed and engaged in the sale of non-financial products and failed to report frauds to the RBI within the prescribed timelines. Kotak Mahindra Bank was fined Rs 3.95 crore as it levied foreclosure charges despite there being no clause in the loan agreement for levy of prepayment penalty on loans recalled/foreclosure initiated by the bank.
Which district in Madhya Pradesh became the first ‘ Har Ghar Jal ’ certified district in the country?
What is the name of the river basin project jointly undertaken by Madhya Pradesh and Maharashtra ?
Recently which Asian country had suspends exports and re-exports of Indian wheat for four months?
Aditi Anand from Karnal won the Emerging Illustrator award at which prestigious institution?
Which country leads the world in plastic pollution, according to a recent study?
Consider the following Statements:
1. USA drug regulator recently approved the world's first gene therapy treatment for sickle cell disease and...
Which country is leading the Multinational Security Mission (MSS) approved by the United Nations Security Council to address the escalating gang violenc...
The Organisation for Economic Cooperation and Development (OECD) has revised upwards its growth estimate for India by 20 basis points to _______for FY24.
The government of Telangana, in collaboration with the World Economic Forum and the Indian Institute of Science (IISc) launched India's first Agricultur...
What is the Bharatiya Antariksh Station (BAS-1) project aiming for by 2035?
