RBI imposes ₹4.8 lakh penalty on three entities for lapses
The Reserve Bank of India has fined three entities a total of ₹4.80 lakh for separate compliance failures. The penalties were announced on August 6 and 11, 2026, based on inspections and…
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Unclaimed mutual funds, bank deposits cross ₹1 lakh crore
Unclaimed mutual fund holdings rose to ₹3,811 crore at the end of FY26, while unclaimed bank deposits transferred to the RBI’s DEA Fund reached ₹98,073 crore as of January 2026, livemint.com reports.…
Woman carries 90-year-old mother-in-law 3 km for pension
A tribal woman in Chhattisgarh’s Surguja district carried her 90-year-old mother-in-law nearly 3 km to a bank after the elderly woman’s Rs 500 monthly pension went unpaid for four months. Sukhmaniya, who…
RBI fines Utsav Securities Rs 3.90 lakh, cooperative bank
The Reserve Bank of India imposed monetary penalties on two entities for regulatory lapses. Utsav Securities Limited was fined Rs 3.90 lakh for governance failures and failing to submit credit data to…
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