The Reserve Bank of India has imposed a penalty of Rs 93 lakh each on Axis Bank and IDBI Bank for non-compliance with certain directions issued by RBI.
The Kuril Islands dispute between Japan and Russia is over the sovereignty of the South Kuril Islands. These islands are claimed by Japan but occupied by Russia as the successor state of the Soviet Union.
The State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the Border Security Force (BSF) to provide solutions for financial security to BSF personnel through the Central Armed Police Salary Package (CAPSP) Scheme.