The Reserve Bank has imposed monetary penalties on three co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: Saraswat Co-operative Bank Limited, Bassein Catholic Co-operative Bank Ltd, and Rajkot Nagarik Sahakari Bank Ltd
Poor traffic management, lack of enforcement of traffic rules, and bad roads have led to an increase in crash-related deaths in the Mira Bhayandar ? Vasai Virar (MBVV) region. So far in 2023, there have been 98 deaths compared to 22 deaths in the whole of 2022. Many residents blame the poor traffic management and bad roads for the accidents. Additionally, the lack of CCTV cameras and the non-functioning of many installed cameras has made it difficult for the police to identify hit and run offenders. | Mumbai news
In a statement, RBI said the Bank of Bahrain & Kuwait BSC, India operations failed to implement systems to detect unusual and unauthorised, internal or external activities in its database.