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Bank of Baroda falls after RBI ban on adding new app customers

BENGALURU, Oct 11 (Reuters) – Shares of Bank of Baroda fell nearly 4% on Wednesday, a day after the Reserve Bank of India stopped the state-run lender from adding customers to its mobile app citing “certain material supervisory concerns.” Shares of the bank were last down 3.4% at 10:59 a.m. IST. It was also the top drag in the Nifty public sector bank index, which was down 0.2%. Bank of Baroda will be allowed to onboard customers to its bob World app only after rectifying certain deficiencies, the RBI said on Tuesday, without giving any details about the issues. “Expect

FCRA violations case: CBI searches at residence of NewsClick founder

New Delhi, Oct 11 (PTI) The CBI has registered an FIR into the alleged FCRA violations by news portal NewsClick and carried out raids at two locations on Wednesday, officials said. A team of agency officials searched the residence and office of NewsClick founder Prabir Purkayastha, who was recently arrested by the Delhi Police in a case under the Unlawful Activities Prevention Act, they said. It is alleged that the portal received foreign funds in violations of the Foreign Contribution Regulation Act (FCRA) case, they said. In its probe against the portal, the Delhi Police had alleged that funds were

COVID-19: India records 72 fresh infections, active caseload at 348

COVID-19 infections

New Delhi, Oct 11 (PTI) India reported a single-day rise of 72 new COVID-19 infections while the active caseload has been recorded at 348, according to Union Health Ministry data. The death toll has been recorded at 5,32,035 (5.32 lakh), showed the data updated at 8 am on Wednesday. The country’s Covid case tally currently stands at 4,49,99,438 (4.49 crore). The number of people who have recuperated from the disease has risen to 4,44,67,055 (4.44 crore) while the national recovery rate stands at 98.81 per cent, according to the health ministry website. The case fatality rate stands at 1.18 per

Process to set up GST tribunals has started, Centre tells SC

Supreme Court (SC)

New Delhi, Oct 10 (PTI): The Supreme Court took note of the Centre’s submissions on Tuesday that the process of setting up the national and regional GST tribunals has started and disposed of a PIL on the issue. The top court had, on August 6, 2021, issued notices to the Centre and the Goods and Services Tax (GST) Council on the public interest litigation (PIL) matter filed by lawyer-activist Amit Sahni. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was told by Attorney General R Venkataramani that the Union finance ministry issued

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