RBI chalks out norms for banks risk foray
The Reserve Bank of India is drawing up guidelines for state-run banks' entry into the insurance sector which has been thrown open by the Bharatiya Janata Party-led coalition government at the centre.

Orissa power panel raps Gridco for inefficiency
The Orissa State Electricity Regulatory Commission (OERC), while disposing off Gridco's appeal for enhancement of power tariff, has allowed the latter a lower revenue realisation for the current year.

RBI kicks off probe into clutch of weak cooperative banks
The Reserve Bank of India has initiated countrywide investigations against 222-and-odd cooperative banks, out of which 1,810 have been found "weak"and plans to take appropriate action in this regard.

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