It, however, added the action 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 bank with its customers.
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RBI imposes Rs 3 crore penalty on ICICI Bank
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Want to transfer PF online? Here is how to do it
A user can also get access to the EPF account using the UMANG app which can further help in viewing passbooks, raise a claim and also keep track of the status of your claims already submitted, and much more. -
7th Pay Commission: Big relief for central govt employees! Govt extends deadline of pay fixation
This development comes right after some of the central government employees made a request to extend the deadline as they were not prepared to do the exercise in the given time period. This, in turn, will give employees an option to choose whether they want fixed payment on the basis of the date of promotion or on the basis of the date of increment. -
Warren Buffett says Greg Abel is his likely successor
Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate's non-insurance businesses, would be named chief executive if he were to step down. -
Apollo to acquire Verizon's media assets for $5 billion
Apollo Global Management said it has agreed to buy Verizon Communications' media unit that includes Yahoo and AOL for $5 billion, the US wireless carrier said on Monday. -
Maruti Suzuki Wagon R attains the numero uno position in April: Check the top 10 Cars
As many as 17,303 dispatches were made in April 2021. The Baleno premium hatchback stands and competes against Hyundai i20 and Tata Altroz and in April, 16,384 units were registered. The Maruti Suzuki Dzire saw 14,073 units being sold last month. -
Sitharaman calls for sharing of technologies on Covid vaccines
Stressing that there cannot be any vaccine nationalism, finance minister Nirmala Sitharaman on Monday urged nations to share technologies on Covid vaccines amid the pandemic. -
'Opec's share of Indian oil imports plunges to two-decade low'
Opec's share of India's oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia's third largest economy fell to a six-year low, data obtained from industry and trade sources showed. -
Gold Price Today, 3 May 2021: Gold jumps Rs 310, silver rises Rs 580
In the previous trade, the precious metal had closed at Rs 46,270 per 10 gram. Silver also jumped Rs 580 to Rs 67,429 per kg from Rs 66,849 per kg in the previous trade. In the international market, gold was trading with gains at USD 1,777 per ounce and silver gained marginally to USD 26.06 per ounce. -
Sensex sees 690 pts recovery, ends 64 pts down; Nifty inches up to 14,634 led by metals and FMCG
In a similar movement, the broader NSE Nifty closed 3.05 points or 0.02 percent higher at 14,634.15. Titan was the top loser in the Sensex pack, shedding over 4 percent, followed by IndusInd Bank, Reliance Industries, Axis Bank, Kotak Bank, ONGC, ITC, and ICICI Bank. -
Barclays cuts India#39;s FY22 GDP growth forecast to 10%; says local lockdowns to cost $38 billion till June
If the ongoing localised lockdowns continue till June, it will lead to economic losses of USD 38.4 billion, it said. -
Oxygen On Wheels, Anand Mahindra’s unique project to supply oxygen in urgent need
India is witnessing an unprecedented second wave of the COVID-19 pandemic in the country. -
Opec's share of Indian oil imports plunges to two-decade low: Report
Opec's share of India's oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia's third largest economy fell to a six-year low, data obtained from industry and trade sources showed. -
Air India to slash frequency of American nonstops
Air India will be slashing frequency of its highly popular US nonstop from later this week as America’s travel restriction order from Covid-ravaged India comes into force from Tuesday morning, significantly reducing the number of eligible flyers. -
OPEC#39;s share of Indian oil imports plunges to 2 decade low: Trade
Total crude imports by the world#39;s third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8% from a year earlier, the data showed. -
Govt extends insurance scheme with Rs 50 lakh coverage for frontline health workers for six months
A statement said Modi has also asked officials to explore how volunteers from civil society can be utilised to lessen the pressure on healthcare sector by being drafted in non-specialised tasks, as the government looks to further step up its response to fighting COVID-19. -
Ashok Leyland scales down production across plants
Hinduja group flagship Ashok Leyland on Monday said it has curtailed production at its manufacturing plants due to dip in demand with second wave of Covid-19 sweeping across the country. -
April factory activity growth picks up slightly, prices soar
India's factory activity accelerated slightly in April as strict restrictions to curb the devastating second wave of Covid-19 infections dampened domestic demand, while prices surged at their sharpest pace in about seven years, according to a survey. The rapidly spreading virus has infected over 300,000 people daily recently, leading major provinces to reimpose strict restrictions. -
A dive into DSMAX's Success Stories and Dr. KV Satish's Vision!
In today's times, stories describe what has been and are a promise of what is to come. And when they're about your home – the one place where each of our stories begin/originate, it's up to us to make it a great one!! -
US travel restriction: Air India to slash frequency of American nonstops
Air India will be slashing frequency of its highly popular US nonstop from later this week as America’s travel restriction order from Covid-ravaged India comes into force from Tuesday morning, significantly reducing the number of eligible flyers. -
Indian-origin billionaire businessman Vinod Khosla pledges USD 10 mn for oxygen supply in India
Taking to Twitter, the 66-year-old venture capitalist said that there was a need to save lives as further delay may end up in more deaths. -
India's April factory activity growth picks up slightly, prices soar
India's factory activity accelerated slightly in April as strict restrictions to curb the devastating second wave of Covid-19 infections dampened domestic demand, while prices surged at their sharpest pace in about seven years, according to a survey. The rapidly spreading virus has infected over 300,000 people daily recently, leading major provinces to reimpose strict restrictions. -
India#39;s manufacturing PMI in April remains stable at 55.5
In March, manufacturing Purchasing Managers#39; Index (PMI) was at a seven-month low of 55.4, according to data from IHS Markit. -
Rising COVID cases spook markets! Sensex tanks over 400 points
The 30-share BSE index sank 403.45 points or 0.83 percent to 48,378.91 in early trade. Similarly, the broader NSE Nifty tanked 97.05 points or 0.66 percent to 14,534.05. -
Sensex, Nifty drop on virus worries; Reliance slips
Equity indices started May on a weak footing amid growing calls, including from an industry body, to impose curbs at the national level to rein in the Covid-19 spread, with conglomerate Reliance Industries leading losses after missing profit estimates. -
Bank holidays May 2021: Banks will be closed for 12 days in total, check out important dates before visiting branch
Banks will remain closed for total 12 days in the month of May, as per the Reserve Bank of India (RBI) holiday calendar list, although banking activities in different states may vary from each other. -
India Inc calls for tougher national curbs amid surge
With Covid cases surging, India Inc has slowly changed its position from localised curbs to more intense measures, in what many view as suggestions to a nationwide lockdown to contain the deadly coronavirus. -
FPIs turn net sellers in April, pull out Rs 9,659 cr from Indian equities
The reversal in trend came at a time when the surging Covid cases and the resultant lockdowns spooked investor sentiments.
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Big SBI alert for all account holders! Do THIS or your account will be frozen after May 31
State Bank of India (SBI) has issued a new notification for its crores of customers across the country. As per the bank, all account holders have been asked to update their account's KYC without delay. Failing to do so will mean that the banking services of those customers will be frozen. -
Big SBI for alert for all account holders! Do THIS or your account will be frozen after May 31
State Bank of India (SBI) has issued a new notification for its crores of customers across the country. As per the bank, all account holders have been asked to update their account's KYC without delay. Failing to do so will mean that the banking services of those customers will be frozen. -
Petrol, Diesel Prices Today, May 03, 2021: Fuel prices remain unchanged for 18th straight day; check prices in metro cities
Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55.
For diesel, the central excise adds up to Rs 31.83 and VAT to Rs 10.99. Besides, the price also includes a dealer commission of a minimum Rs 2.6 per litre on petrol and Rs 2 on diesel.
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