regulatory non-compliance
Goa Nightclub Fire Tragedy: DJ Nicky Safe as Blaze Kills 25 at Birch by Romeo Lane
Dec 08, 2025 12:11 pm CST
A devastating fire at Goa's Birch by Romeo Lane nightclub claimed 25 lives, including 20 staff and 5 tourists. DJ Nicky, scheduled to perform that night, confirmed her safety as the blaze erupted before her arrival. Government officials have suspended three senior authorities for regulatory violations that allowed the club to operate despite safety concerns.
RBI Imposes Rs 91 Lakh Penalty on HDFC Bank for Banking Regulation Act Violations and KYC Compliance Issues
Nov 29, 2025 12:00 am CST
The Reserve Bank of India has imposed a Rs 91 lakh penalty on HDFC Bank for violating the Banking Regulation Act and non-compliance with directives related to interest rates, outsourcing financial services, and KYC norms. The penalty follows a statutory inspection of the bank's financial position as of March 2024, which revealed multiple regulatory deficiencies including the adoption of multiple benchmarks within the same loan category and improper outsourcing of KYC compliance verification.