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State of Tripura
Saturday, June 28, 2025

Tripura Govt plans new transfer policy for employees: CM Manik Saha

Tripura CM Manik Saha announced plans for...

ISLAMIC FUNDAMENTALISTS DEMOLISH DURGA TEMPLE IN DHAKA, HUGE PANIC AMONG HINDUS

ISLAMIC FUNDAMENTALISTS DEMOLISH DURGA TEMPLE IN DHAKA,...

Tripura CM Manik Saha slams 1975 Emergency as era of anarchism

Tripura CM Manik Saha denounced the 1975...

RBI Fines Union Bank ₹63.6 Lakh, Lendbox ₹40 Lakh for Regulatory Violations –

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The Reserve Bank of India (RBI) has levied fines on Union Bank of India and Transactree Technologies Pvt Ltd for breaching regulatory norms. Union Bank was fined 63.60 lakh rupees for failing to transfer eligible funds to the Depositor Education and Awareness Fund and collecting collateral on small agricultural loans, violating RBI guidelines.
Transactree Technologies Pvt Ltd was penalized 40 lakh rupees for non-compliance with P2P lending norms, including improper fund routing and lack of borrower transparency. The RBI emphasized that the penalties are for regulatory lapses and do not reflect on the validity of the institutions’ agreements with customers.

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