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 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.
An in-principle approval letter has been issued to Maharashtra for an amount of Rs.600 crore for reviving and upgrading various ITIs/ polytechnics under the SIDBI Cluster Development Fund (SCDF).