Penalty | The Asian Age

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This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by NBFC Bajaj Finance with its customers. (Photo: ANI)

RBI imposes monetary penalty of Rs 10 million on Bajaj Finance

The order is dated Jan 3 and penalty has been imposed in the exercise of powers vested in RBI under relevant provisions of RBI Act.

15 Jan 2019 2:52 PM

Giving details of financial disincentives imposed by TRAI on non-complaint provider against prescribed benchmarks for drop call rate.

Penalty of Rs 58 lakh on telecom service providers for call drop

During the March quarter, Rs 3 lakh penalty was imposed on BSNL, Rs 10.5 lakh on Idea, Rs 22.5 lakh on Tata and Rs 6 lakh on Telenor.

04 Jan 2019 5:10 PM

US regulators have taken a number of actions to try to deter robocalls or automated, prerecorded calls that regulators have labeled a “scourge.”

US Senate bill vows to get tough on robocalls, up penalties

The bill would broaden the authority of FCC to impose penalties of up to $10,000 per call.

17 Nov 2018 9:06 AM

South-based Federal Bank has been penalised Rs 5 crore for non-compliance on reporting of large borrower exposures and non-payment of customer compensations, among other deficiencies, the Reserve Bank said on Wednesday.

Federal Bank fined Rs 5 crore for non-compliance of RBI norms

The lender was found to have not complied with RBI directions on reporting of data on CRILC.

03 Oct 2018 7:24 PM

Reserve Bank of India has imposed a monetary penalty of Rs 2,00,000 on National Sahkari Bank Ltd, Gorakhpur.

RBI penalises 2 UP-based cooperative banks

RBI had issued a show cause notice to the bank, in response to which the bank had submitted a written reply.

18 Sep 2018 6:06 PM

At least 10 companies, which includes eight willful violators have been debarred or disqualified from hiring foreign guest workers on H-1B visas.

Penalty imposed on US company for paying low wages to H-1B employees

The Wage and Hour Division has listed nearly 30 companies as willful violator employers under the H-1B program.

14 Sep 2018 8:36 AM

The Reserve Bank of India has imposed a Rs 1 crore penalty on Union Bank of India for failing to detect and report fraud on time.

RBI fines Union Bank Rs 1 crore for delay in fraud detection, reporting

However, the bank said that the amount of the penalty is not material considering the size of the bank.

07 Sep 2018 3:16 PM

Competition Appellate Tribunal, which had on November 22 stayed CCI's direction to pay 10 per cent of the penalty within a month of the order.

NCLAT dismisses cement-makers' plea against Rs 6,700 cr CCI penalty

CCI had imposed the highest penalty of Rs 1,175.49 crore on Aditya Birla group firm UltraTech.

25 Jul 2018 12:50 PM

A still from Angadi Theru, the film based on textile workers

Standing ovation to sit down

There have been similar protests by the staff of other textile shops too.

07 Jul 2018 12:59 AM

As per regulatory norms, the company was under the obligation to submit its audited financial results for quarter and year ended March 31, 2018.

NSE imposes Rs 1 crore penalty on Electrosteel Steels

The penalty was imposed for non-compliance with Regulation 33 of the LODR Regulations.

06 Jul 2018 1:32 PM

The revenue department is sending notices to non-filers through emails asking them to submit returns within three days of the expiry of the deadline despite up to 15 days time limit, tax experts said.

Revenue dept to make businesses file GST returns within deadline

The due date for filing GST summary returns for a month is 20th day of the subsequent month.

20 May 2018 12:16 PM

Union telecom minister Manoj Sinha on Thursday said the government will "ensure quality service" for the subscribers.

Centre to ensure quality mobile network services, says Manoj Sinha

Government will ensure that quality service is given to the consumers.

17 May 2018 8:38 PM

Air India may have to pay USD 8.8 million penalty to passengers

Air India may have to pay a penalty of USD 8.8 million to 323 passengers of its May 9 Delhi-Chicago flight.

17 May 2018 1:54 PM

Penalty amount of Rs 135.86 crore translates to 5 per cent of the company's average total revenue generated from India operations.

NCLAT stays CCI penalty of Rs 136 cr on Google in search bias case

Competition Commission imposed a penalty on Google for unfair business practices in online search market.

27 Apr 2018 11:45 AM

Company's average total revenue generated from India operations from its different business segments for the financial years 2013, 2014 and 2015.

NCLAT reserves order on Google's plea to stay Rs 136 cr penalty by CCI

CCI had slapped a fine on Google for unfair business practices in the Indian market for online search.

23 Apr 2018 1:00 PM

The Reserve Bank of India (RBI) imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans.

RBI slaps Rs 3 crore monetary penalty on IDBI bank

Reserve Bank of India imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the norms.

12 Apr 2018 2:28 PM

Bank re-iterated that it continues to give utmost importance to regulatory compliance and endeavors to meet supervisory expectations. (Photo: ANI)

ICICI issues clarification on penalty by RBI

RBI has imposed a penalty on the Bank for continued sale of government securities classified as HTM.

30 Mar 2018 9:48 AM

The penalty is for non-compliance with directions issued by the Reserve Bank of India.

RBI imposes Rs 59 cr fine on ICICI Bank for violating securities sale norms

The RBI allows banks to sell securities from HTM subject to certain limits and disclosure rules.

29 Mar 2018 2:30 PM

Civic officials have claimed that the sneaky supply of banned plastic carry bags from neighbouring states has resulted in the ban being not effective.

Use of plastic carry bags widespread despite ban

Mumbai generates 7,200 metric tonnes of garbage daily, a significant portion of which is plastic.

18 Mar 2018 5:14 AM

A notice dated January 15, 2018 was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with guidelines and directions issued by RBI. (Photo: AFP)

RBI imposes Rs 5 crore penalty on Airtel Payments Bank

RBI imposed penalty on Airtel Payments Bank for violating operating guidelines and KYC norms.

10 Mar 2018 10:54 AM

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Anita Katyal