Tag: financial compliance

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RBI imposes monetary penalty on five Co-op banks for non-compliance of rules

Key TakeawaysThe RBI imposed a total monetary penalty of Rs 14 lakh on five cooperative banks.Penalties were issued for failures such as delayed reporting,...

Hyd: IT officials raid pharma co over reported IT irregularities

Key TakeawaysIT officials raided a pharmaceutical company in Hyderabad over alleged IT irregularities.Searches covered multiple locations such as Ramachandra Puram, Nagulapally, and Gachibowli.Authorities are...

SC dismisses application of SpiceJet and directs it to pay the entire arbitral amount to Kalanithi Maran

Key TakeawaysThe Supreme Court rejected SpiceJet's time‑extension request, reinforcing court orders.SpiceJet must now pay the pending Rs 75 crore of the Rs 380 crore...