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Modi to inaugurate Pravasi Bhartiya Divas on Jan 8

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PM Modi will inaugurate the Pravasi Bharatiya Divas  at Mahatma Mandir in Gandhinagar on January 8. Prime Minister will first inaugurate the 'Salt Mound' structure near Mahatma Mandir before officially inaugurating the Pravasi Bharatiya Divas.PM will be accompanied by MoS for External Affairs, General (retd) V K Singh and many dignitaries," state Finance Minister Saurabh Patel told to journalists...

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Reserve Bank of India imposes penalty on ICICI bank, Bank Of Baroda

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New Delhi-RBI has imposed monetary penalty on Bank Of Baroda and ICICI bank for violation of its instructions regarding norms on KYC-know your customer and AML-anti money laundering etc. RBI press release informed that Rs 5 million and Rs 2.50 million were imposed on the respective banks.The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of the Banking Regulation Act; 1949.RBI also cautions State bank of India, Axis Bank Ltd. and State Bank of Patiala...

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