NORMS VIOLATION

  • RBI penalises 22 banks for violating KYC norms July 15, 2013

    New Delhi: The Reserve Bank of India on Monday penalised 22 banks for violating Know Your Customer norms and imposed penalties ranging from Rs 50 lakh to Rs 3 crore. The RBI has absolved them of money laundering charge saying there is no prima facie evidence against them. The RBI has...
  • Govt approves Rs 650 crore penalty on Bharti Airtel June 25, 2013

    New Delhi: Telecom Minister Kapil Sibal is learnt to have approved levying of Rs 650 crore penalty on Bharti Airtel for violating roaming norms in 13 service areas between 2003 and 2005. "The Minister has approved penalty of Rs 650 crore on SLD (subscriber local dialing) matter," a Telecom Ministry official...
  • PMO orders probe into WalmartBharti deal October 11, 2012

    New Delhi: The Prime Minister's Office (PMO) on Thursday ordered a probe into the deal struck between US retail giant Walmart and Indian retail major Bharti after allegations of norms violation by Communist Party of India (CPI) Rajya Sabha MP from Kerala, MP Achuthan. Achuthan alleged that the investment deal by...
  • Bangalore: Safety norms violation claims boy's life September 28, 2012

    Bangalore: Eightyearold Wajid Pasha was the darling of his family. He had gone out to play after school on Tuesday, but never returned home. His worried parents searched in vain, until on Wednesday morning, they found his body in a water sump at a construction site nearby. The shattered family is...