The Reserve Bank of India has imposed penalties on five cooperative banks, on September 5. The penalty of Rs 25 lakh has been imposed on The Karnataka State Co-operative Apex Bank, Rs 15 lakhs on Thane Bharat Sahakari Bank Limited, Rs 5 Lakh Rani Laxmibai Urban Co-operative Bank, Jhansi, Rs 2 lakh on Nicholson Co-operative Town Bank and Rs Urban Co-operative Bank, Rourkela, for irregularities and other illegality,.
Courtesy: The Free Press Journal
The market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 3 lakh on BSE for engaging in activities unrelated to a stock exchange. “This is to inform that pursuant to Regulation 30 read with Schedule Ill of SEBI Regulations, 2015, we intimate that SEBI has passed an order, imposing a penalty of Rs. 3 lakhs on BSE Limited." said SEBI in a statement.
Courtesy: Business Today
Haryana's Food and Drug Administration Department sealed a private blood bank over "irregularities", in Gurugram's sector 56 on April 30. The department then filed a complaint in the jurisdictional police station, where an FIR has been filed against a doctor and an executive director of the blood bank. Reportedly, the raid was conducted after receiving inputs about "illegal activities" in the blood bank. Further details are awaited.
Courtesy: Press Trust Of India