RBI imposes Rs 61.95 lakh penalty on Kotak Mahindra Bank

IANS | December 19, 2025 7:17 PM

New Delhi, Dec 19 (IANS) The Reserve Bank of India (RBI) on Friday imposed a penalty of Rs 61.95 lakh on Kotak Mahindra Bank for non-compliance with certain directions issued by it on access to banking services, on basic savings bank deposit accounts, the scope of activities to be undertaken of business correspondents (BCs), and for contravention of provisions of the Credit Information Companies Rules, 2006 (ClC Rules).

India charts bold clean energy course with SHANTI Bill: Pralhad Joshi

IANS | December 19, 2025 5:28 PM

New Delhi, Dec 19 (IANS) India has moved towards a bold and decisive path into the clean-energy sector with the passing of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India bill (SHANTI Bill) in both houses of the Parliament, Pralhad Joshi, Union Minister for New and Renewable Energy, said on Friday.

India-Oman trade pact to improve market access, create jobs: Industry

IANS | December 19, 2025 4:49 PM

New Delhi, Dec 19 (IANS) The signing of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is a major milestone in India’s trade and economic engagement with the Gulf region which would significantly improve market access, create jobs, and open new opportunities for Indian companies across goods and services, according to trade experts.