The Central Vigilance Commission (CVC) has recommended penalty against 97 officials of nationalised banks for alleged corruption. Of these officials, a highest of 27 are working in Dena Bank, 13 in Bank of Baroda, 11 in Central Bank of India, 10 in State Bank of India, eight in Punjab National Bank, seven in Andhra Bank, five in Industrial Development Bank of India and four each in Allahabad Bank and Bank of Maharashtra. Besides, two officials each working in Bank of India, Oriental Bank of Commerce, State Bank of Mysore and one each in Indian Overseas Bank and Syndicate Bank have been penalised for their alleged involvement in corruption, the CVC said in its monthly report for November 2012.
Reliance Life to launch nine new products
Private life insurer Reliance Life Insurance on Friday said it plans to launch nine products, which are complied with the new product guidelines, by the end of this month. The products largely focus on traditional insurance plans with a view to promoting protection and long-term savings across the country.
