RBI, in its order, stated that the fine on Punjab National Bank was imposed for being in contravention of sub-section (2) of sector 19 of the Banking Regulation Act, 1949.
CyberX9 has claimed that the vulnerability provided access to the entire digital banking system of PNB with administrative control.
The bank had last cut its repo-linked lending rate on September 17 from 6.80 per cent to 6.55 per cent.
The state-owned bank reported a 78 per cent rise in net profit to Rs 1,105 crore for the second quarter ended on September 30 despite a fall in income.
The filing stated that the investment of an equity stake of 12.06 per cent by the bank in NARCL would be reduced to 9 per cent by December 31, 2021.
Nirav Modi, who was declared a 'fugitive economic offender' in December, 2019, and his uncle Mehul Choksi are accused of committing a Rs 14,000 crore scam by obtaining credit facilities fraudulently from the PNB
However, his lawyer said Choksi would continue to remain in hospital as his medical condition ‘deteriorated’.
Choksi allegedly made his employees directors of the firms based in Hong Kong, and was controlling them.
Modi was arrested on an extradition warrant on March 19, 2019, and has appeared via videolink from Wandsworth Prison for a series of court hearings in the extradition case.
The final hearings in the extradition case are scheduled over two days, on January 7 and 8 next year
Nirav Modi is fighting extradition in the estimated US$ 2-billion Punjab National Bank scam case
Top losers in the Sensex pack included Bajaj Finance, ONGC, NTPC, Hero MotoCorp and Maruti, falling up to 8.18 per cent. Yes Bank, HCL Tech and TCS, however, bucked the downtrend by rising up to 5.56 per cent.
Banks have recovered Rs 4 lakh crore due to the Insolvency and Bankruptcy Code and other means effected in the past four years.
In her order, Judge Emma Arbuthnot at Westminster Magistrates' Court said that Modi had access to resources and interference with the witnesses which is a concern.
Detonators were fixed at various points on the bungalow to carry out the controlled-blast and bring it down in a single-shot.
A case of diversion of diamonds and pearls from Special Economic Zone (SEZ) units in Surat by Modi was booked in December 2014, by the DRI, Mumbai Zonal Unit.
Mehta said he hopes that PNB will be back into the black during 2018-19 due to various efforts were taken by the bank after the fraud came to light in January this year.
The agency said the properties, jewellery, flats and bank balances are in India, UK and New York among others.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.