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Banking

Nomination: Safeguarding Women in Difficult Times

Losing someone you love is really hard. It becomes even tougher if you don't have much say in money matters, especially for women in families where men usually handle finances. When a man in the family passes away, women might struggle because they weren't involved in money decisions.

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RBI Fines Citibank, BoB, and IOB for Non-compliance with Norms: How Regulations Help

The Reserve Bank of India (RBI) recently imposed fines on Citibank, Bank of Baroda (BoB), and Indian Overseas Bank (IOB), totaling ₹10.34 crore, highlighting the importance of regulatory compliance in the banking sector. These penalties, addressing non-compliance with operational guidelines, risk management, and code of conduct, underscore the RBI's commitment to safeguarding depositor interests.

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