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The Union Bank of India (UBI) has been imposed a monetary penalty of Rs 1 crore by the Reserve Bank of India (RBI) for not complying with certain provisions of its directions. The directions include RBI (Fraud- Classification, and Reporting by commercial banks and select FIs) Directions 2016 and Guidelines on Sale of Stressed Assets by Banks. The penalty has been imposed as per the Banking Regulation Act 1949.
Mukesh Ambani, the wealthiest industrialist in the country received a death threat again on email, Mumbai police confirmed on Saturday. A 19-year-old man was arrested early in the morning today by the Gamdevi police in Mumbai in connection with… read-more
TAGS: Mukesh Ambani, business, threat call, Mumbai Police, Accused Arrested
With the aim of making X, formerly known as Twitter, an all-app platform, Tesla CEO and X owner Elon Musk announced that X would soon be announced as a dating platform. Interestingly, the speculations of X being a relationship platform came after… read-more
TAGS: X Platform, Dating App, Elon Musk, Technology, Finance
Attrition at some private sector banks is "high" and the RBI is "closely" looking at the issue, Governor Shaktikanta Das said on Tuesday. Speaking at the annual BFSI Insight Summit organized by the Business Standard, Das said this is an… read-more
Elon Musk is once again caught attention of netizens for his bizarre suggestions to Mark Zuckerberg, the founder of Facebook. In a tweet, Elon Musk said, he will pay $1 billion to Facebook owner, if he changes the name to Faceboob. The response… read-more
TAGS: Facebook, Mark Zuckerberg, Elon Musk, Name Change, Tesla CEO
The Reserve Bank of India (RBI) has appointed Manoranjan Mishra as Executive Director. As the Executive Director (ED), Manoranjan Mishra will look after the Enforcement Department, Risk Monitoring Department, and Department of External… read-more
TAGS: RBI, manoranjan mishra, RBI Executive Director, Economic Graduate, National
WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection. Notably, bets on companies using more of its office-sharing space soured. The move represents an… read-more
TAGS: us company, Startup, business, WeWork, BANKRUPTCY
