RBI imposes penalty on PNB, ICICI Bank

Mumbai: The RBI on Wednesday said it has imposed a penalty of Rs 1.8 crore on Punjab National Bank and of Rs 30 lakh on ICICI Bank for deficiencies in the regulatory compliance. The RBI said the statutory inspection for supervisory evaluation of both banks was conducted by it with reference to their financial position as of March 31, 2019. PTI

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New Delhi/Mumbai
PSU banks’ employees on two-day strike from today

Close to nine lakh employees of various PSU banks will go on a two-day nationwide strike beginning Thursday to protest against the government’s move to privatise two public sector lenders, union leaders said. This was announced by All India Bank Officers’ Confederation general secretary Soumya Datta said. PTI

New Delhi
JioMart taps WhatsApp to deliver groceries, veggies

Ordering groceries, vegetables and daily essentials is just a WhatsApp away as billionaire Mukesh Ambani’s e-commerce platform JioMart taps into the popular messaging app to scale up online business in its fight for dominance in the giant Indian retail market with Amazon and Walmart-owned Flipkart. PTI

New Delhi
Toyota Kirloskar to hike vehicle prices from Jan

Toyota Kirloskar Motor on Wednesday said it will increase prices across its entire product portfolio from January, in order to offset the impact of rise in input costs. Various carmakers, including Maruti Suzuki India, Tata Motors and Honda Cars have indicated that they would be increasing prices from next month. PTI