financial penalty

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    HSBC Faces Penalty Over Inactive Account Management

    Mumbai, March 20 The Reserve Bank announced on Friday that it has imposed a fine of ₹31.8 lakh on Hongkong and Shanghai Banking Corporation for non-compliance with certain directions related to inactive accounts and unclaimed deposits.In a statement, the Reserve Bank said that a statutory...
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    Spectator Misconduct Leads to Empty Stadium for MBSG Game

    Kolkata, March 3 The All India Football Federation's disciplinary committee has fined Mohun Bagan Super Giants and ordered that the team's next Indian Super League (ISL) game against Odisha FC be played in an empty stadium for alleged spectator misconduct during its previous match against...
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    NGT Orders Costs for Delayed Environmental Compensation

    New Delhi, February 24 The National Green Tribunal has imposed a fine of ₹50,000 on the Delhi Pollution Control Committee for the excessive delay in transferring funds to the Delhi government's forest and wildlife department.The NGT criticized the "widespread tendency" of non-compliance with...
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    Mumbai Metro Project: Fatal Collapse Leads to Safety Review and Penalties

    Mumbai, February 14 – The Mumbai Metropolitan Region Development Authority (MMRDA) imposed a penalty of ₹5 crore on contractor Rajv Milan Infra and ₹1 crore on the general consultant – a consortium of DB Engineering & Consulting, Hill International Inc, and Louis Berger Consulting Private...
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