RBI slaps Rs 1 crore penalty each on three public sector banks
Mumbai, Sep 7 : The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore each on three public sector banks for non-compliance with its directions on "Fraud - Classification and Reporting".
According to the RBI, the penalty was imposed individually on all the three banks -- Bank of Maharashtra, Bank of India, Union Bank of India -- on August 30, 2018.
The apex bank took into account the delay on the part of these banks in reporting fraud in certain accounts.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Belagavi: Goods vehicle topples on road as driver loses control; 25 MGNREGS workers injured
Belagavi: In an accident that occurred near Hosur village, Hukkeri taluk, on Thursday, more than 25 people, identified as labourers, were injured as the goods vehicle they were traveling in toppled on the road.
The workers, learned to be Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) labourers, were traveling from Hidkal village to Yamakamamaradi in Hukkeri taluk for work when a motorbike came in front of the vehicle suddenly. As a result, the driver lost control over the goods vehicle, which toppled on the road.
ALSO READ: 22-year-old driver of cement tanker killed in truck-tanker head-on collision in Kalaburagi
The injured labourers were shifted to the Belagavi Institute of Medical Sciences (BIMS) in Belagavi city and are receiving medical treatment.
