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RBI imposes Rs 2 crore monetary penalty on RBL Bank

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The Reserve Bank of India on Monday imposed a penalty of Rs 2 crore on RBL Bank for breaching deposit, board composition norms. An examination carried out by the RBI showed that the private lender was non-compliant in opening five savings deposit accounts for a cooperative bank.

The Statutory Inspection for Supervisory Evaluation (ISE) of the bank was conducted by RBI which took into account the lender’s
financial position as of March 31, 2019.

“The examination of the Risk Assessment Report and Inspection Report pertaining to ISE 2019, RBI letter dated October 27, 2020, and related correspondence in the matter, revealed, contravention of directions and non-compliance with the opening of five savings deposit accounts in the name of a co-operative bank and failure to comply with the provisions of section 10A(2)(b) of the Act relating to the composition of Board of Directors,” the RBI said in a statement.

The RBI said it had also issued a notice to the bank asking it to explain why a penalty should not be imposed on it. “After considering the bank’s reply to the show-cause notice, oral submissions made during the personal hearing, and examination of additional submissions made by the bank, RBI came to the conclusion that contravention warranted imposition of monetary penalty on the bank,” the regulator said.

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Scattered Cable Wires Pose Daily Hazard for Navi Mumbai Residents

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Loose internet and TV cables dangling across footpaths and roads leave commuters at risk of trips, entanglements, and electrocution.

The Cables

Walking down a sidewalk in Navi Mumbai has increasingly become an obstacle course, with residents raising alarm over a growing safety threat: tangled webs of loose, low-hanging cables scattered across roads and footpaths.

What started as minor visual clutter has turned into a daily hazard. Overhead internet, television, and telephone lines dangle dangerously close to street level, catching on passing vehicles and tripping pedestrians, particularly children and the elderly. Motorcyclists face the terrifying risk of getting entangled in hanging wires, while the proximity of these cables to high-voltage power lines creates a constant risk of short circuits and electrocution. The root of the problem lies in irresponsible installation. To cut costs, local service providers string optical fiber cables across electricity poles rather than placing them underground. When wires break or services are updated, dead cables are simply left hanging instead of being safely removed.

Frustrated citizens are calling on the Navi Mumbai Municipal Corporation (NMMC) and MSEDCL to take immediate action. “Walking at night feels like walking into a trap,” shared one concerned local resident. “You never know when a hanging wire might catch your neck or trip you up. The authorities need to clean this up before someone loses their life.”

Residents are demanding a citywide drive to remove unauthorized dangling wires, alongside strict policies enforcing underground cabling for all service providers.

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Cardiac Care Takes Center Stage for Ex-MLA Sandeep Naik’s Birthday in Nerul

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Over a simple celebration, local leaders offer free heart screenings and life-saving surgeries to Sarsole residents.

Heart Health Camp

Marking a birthday with cake is standard, but in Sarsole, local representatives chose to give back through life-saving cardiac care. To celebrate former Airoli MLA Sandeep Naik’s birthday, his long-time supporter and Nerul Corporator Suraj Patil spearheaded a specialized heart health camp under the banner “Healthy Heart, Healthy Life.”

Organized in collaboration with Sushrusha Heart Disease Centre and Super Specialty Hospital, the event targeted the rising risk of heart ailments driven by modern stress and fast-paced lifestyles. High-end diagnostics including 2D Echo, TMT tests, Holter monitoring, and ECGs were made completely free to residents of all ages.

Going beyond basic check-ups, the initiative ensured that patients diagnosed with critical cardiac conditions would receive free advanced treatments, including bypass surgeries, angioplasties, and pacemaker implantations. Navi Mumbai Mayor Sujata Patil attended as the chief guest alongside several local civic leaders.

“Sandeep Sahib has always guided us to host events that directly benefit the public,” said Corporator Suraj Patil. “Heart issues aren’t just affecting senior citizens anymore they’re impacting the youth, too. We wanted to offer complete cardiac care and free surgeries where needed, rather than just basic tests. It’s our way of honoring a leader who truly lives to serve.”

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Free Health Camp Marks Ex-MLA Sandeep Naik’s Birthday in Digha

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Over 900 local residents receive free medical check-ups, diagnostics, and eyewear in a community-first celebration.

The Camp

Celebrating a birthday usually means cake and festivities, but for former Airoli MLA Sandeep Naik, his supporters chose to mark the day by serving the local community. On August 4, a grand free health check-up camp was organized at Yadav Nagar in Digha by former Transport Committee member Viresh Singh, in collaboration with the Bharatiya Janata Party (BJP) Digha Mandal.

From early morning, long queues formed as nearly 900 residents from Ward Nos. 1 and 2 gathered to access healthcare services. Partnering with doctors from Apollo Hospital, the camp offered free consultations alongside screenings for blood pressure, diabetes, thyroid issues, ECG, and general health evaluations. In addition to medical checks, Viresh Singh personally funded and distributed free prescription eyeglasses to every attendee in need, extending the service beyond senior citizens to anyone requiring vision support.

“Ever since Sandeep Sahib stepped into public life, not a single year has passed where we haven’t celebrated his birthday with a blood donation drive, health camp, or helping those in need,” said Singh. “His focus has always been on health and community service, and this is our way of honoring that vision.”

The event drew strong community backing, with prominent local figures including Sanu Gupta, Mahesh Pandey, Suresh Pal, Mahendra Sonkar, and Shankar Yadav alongside local auto-rickshaw union members and BJP workers, coming together to wish the former MLA a happy birthday through meaningful action.

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