Third Phase of West Bengal Panchayat Polls Begins Amid Tight Security

The third phase of West Bengal panchayat polls begins today in three districts of North Parganas, South Parganas and Howrah amid tight security. In the backdrop of violence between the ruling Trinamool Congress (TMC) and Opposition, the district will elect about 13,000 representatives to their respective village panchayats. Jul 19, 2013

RBI Imposes Penalties on 22 Banks with Fines Upto ₹30 Million

The Reserve Bank of India (RBI) has imposed penalties on 22 banks, including State Bank of India (SBI), Bank of Baroda and Canara Bank, for violating rules of customer identification and anti-money laundering. The banks have been fined ranging from ₹5 million to ₹30 million for the offence. Jul 15, 2013