Citibank, Bank of Baroda and IOB slapped with penalties worth over Rs 10 crore

Mumbai, 24/11: The Reserve Bank on Friday imposed penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms. The highest penalty of Rs 5 crore has been imposed on Citibank NA for non-compliance of norms related to depositor education and awareness fund scheme, and code…

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Centre warns Facebook, YouTube to enforce rules to deter deepfakes

New Delhi, 24/11′ The Centre on Friday warned social media firms including Facebook and YouTube to repeatedly remind users that local laws prohibit them from posting deepfakes and content that spreads obscenity or misinformation, two sources told Reuters. The warning was conveyed by Union Minister Rajeev Chandrasekhar in a closed-door meeting where he said many…

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SC notice to Andhra CM Jagan Reddy on plea for cancelling his bail in disproportionate assets case

New Delhi, 24/11: The Supreme Court on Friday issued notice to Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on a plea for cancelling bail granted to him in the disproportionate assets case. The court also sought his response on a plea questioning permanent exemption granted to him from appearance during the trial. A…

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Afghanistan permanently shuts down its embassy in Delhi, cites ‘broader changes in policy, interests

New Delhi, 24/11: Afghanistan has announced permanent closure of its embassy in New Delhi. Releasing an official statement on closure of diplomatic relations with New Delhi, the Embassy stated “Effective from Nov 23, owing to persistent challenges from Indian government. The decision follows Embassy’s earlier cessation of operations on September.

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