RBI has imposed a monetary penalty of Rs.1 crore on IndusInd Bank for non-compliance with certain directions issued by RBI on 'RBI (KYC) Directions, 2016'.
Public sector Indian Bank has inked a Memorandum of Understanding with a pact with the Government of Haryana towards the distribution of mobile phones to consumers through an e-unified payment interface system.
SBI General Insurance has launched the Cyber VaultEdge insurance plan, a comprehensive cyber insurance cover for individuals that protects against financial losses arising from cyber risks & attacks.