Bank employees protest against government’s merger move

Members of the All India Bank Employees’ Association on Saturday staged a protest here against the Centre’s decision to merge 10 public sector banks into four entities. Employees of all public and private sector banks wore black badges to work as a mark of protest to the government’s decision. Continue Reading

RBI imposes Rs 1.75 crore fine on 4 banks for KYC non-compliance

The action, however, is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers, the RBI said. Continue Reading

Bring them back

In a welcome development, fugitive Indian diamantaire Nirav Modi has been arrested at last. He was detained in central London Tuesday evening and was produced in the Westminster magistrate’s court Wednesday, where the court refused him bail. Continue Reading