Skip to main content

RBI slaps record Rs 12 crore fine on ICICI Bank over lapses

RBI inspected the books of ICICI Bank in 2020 and 2021 to evaluate its financial status. During the inspection, RBI found that the bank had given loans to companies where two of the lender’s directors held board positions — in violation of RBI guidelines. The bank also marketed and sold non-financial products, which are outside the remit of a commercial bank.

RBI inspected the books of ICICI Bank in 2020 and 2021 to evaluate its financial status. During the inspection, RBI found that the bank had given loans to companies where two of the lender’s directors held board positions — in violation of RBI guidelines. The bank also marketed and sold non-financial products, which are outside the remit of a commercial bank. from Times of India https://ift.tt/c82moVj
Labels:

Comments

Post a Comment

Popular posts from this blog

Airtel-Tata DTH merger talks fail, Airtel informs BSE

Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. from Times of India https://ift.tt/gt5oqs7
Post a Comment
Read more

'Google is training a model that could run on Apple’s servers', as iPhone maker explores ...

Apple is reportedly in talks with Google to license its Gemini AI model for a future version of Siri, signaling a potential shift in Apple's AI strategy. The company is also evaluating its own AI models and external technologies, including those from Anthropic and OpenAI, as part of a revamped Siri project. Apple is reportedly in talks with Google to license its Gemini AI model for a future version of Siri, signaling a potential shift in Apple's AI strategy. The company is also evaluating its own AI models and external technologies, including those from Anthropic and OpenAI, as part of a revamped Siri project. from Times of India https://ift.tt/UGRQpaF
Post a Comment
Read more

From 'I love you' to trade talk: What Jerry Jones said about Micah Parsons

Dallas Cowboys traded Micah Parsons to Green Bay Packers. This move frees up 19 million dollars. Cowboys now have 42 million dollars in cap space for 2025. This allows them to sign other players. They can extend contracts of DaRon Bland and Tyler Smith. Jerry Jones mentioned Parsons could bring resources in a trade. Dallas Cowboys traded Micah Parsons to Green Bay Packers. This move frees up 19 million dollars. Cowboys now have 42 million dollars in cap space for 2025. This allows them to sign other players. They can extend contracts of DaRon Bland and Tyler Smith. Jerry Jones mentioned Parsons could bring resources in a trade. from Times of India https://ift.tt/dWALCNq
Post a Comment
Read more