1. RBI
fines HDFC Bank, Axis & ICICI Rs 1 to 5 crore
i. The Reserve Bank on Monday imposed a fine of Rs 5 crore
on Axis Bank, Rs 4.5 crore on HDFC Bank and Rs. 1 crore on ICICI Bank for
violation of Know Your Customer KYC norms and anti-money laundering guidelines
after inquiring into charges leveled by a online portal Cobrapost.

ii. “After
considering the facts of each case … Reserve Bank came to conclusion that
some of the violations were substantiated and warranted imposition of monetary
penalty…” the central bank said in a statement.
iii. RBI imposed a
penalty of Rs 5 crore on Axis Bank, Rs 4.5 crore on HDFC Bank and Rs 1 crore on
iv. The penalty follows scrutiny carried
out by RBI of books of accounts, internal control, compliance systems and
processes of these three banks at their corporate offices and some branches
during March and April this year.
v. The scrutiny was conducted to investigate
into the allegations of contravention of Know Your Customer KYC,anti-money
laundering guidelines against them following expose by online portal Cobrapost.
vi. The
penalty, it said, was imposed after considering the facts of each case and
individual bank’s reply, as also, personal submissions, information submitted and
documents furnished.
had launched the investigation into the working of banks following the expose
Cobrapost which showed some bankers giving suggestions to
customers on ways to bypass regulatory norms.
ii. In
certain cases, the banks failed to obtain permanent account number (PAN) card
details or form 60/61 and verify the source of funds credited to a few
non-resident ordinary (NRO) accounts.
iii. The first expose had
named ICICI Bank, Axis Bank and HDFC Bank. Later scores of other public and
private sector banks and insurance companies figured in the expose.
Advani quits BJP posts
i. Senior Bharatiya Janata Party (BJP) leader L.K. Advani on
Monday resigned from all posts in the party, a day after Gujarat Chief Minister
Narendra Modi was appointed as the chief of the party’s election campaign
ii. Mr. Modi’s elevation
was announced at the three-day meeting of the BJP national executive in Goa
which Mr. Advani skipped, citing health reasons
iii. It was for the first
time in his more than four-decade-long political career that Mr. Advani had
given the national executive of the party a miss, apparently in a bid to
express his displeasure over elevation of Mr. Modi.
iv. In his one-page
resignation letter to the party
president, Mr Advani said
: “For some time, I have been finding it difficult
to reconcile either with the current functioning of the party, or the direction
in which it is going… most leaders of ours are now concerned just with their
personal agendas.’’
v. A founder-member of
the BJP, Mr. Advani, 85, resigned from all main bodies of the party —
Parliamentary Board, National Executive and Election Committee.
vi. With Mr. Advani’s
resignation, the internal rift in the BJP has come out in the open as also the
unease which some of the party leaders had been feeling over the elevation of
Mr. Modi who would now be the face of the party to take it through the 2014 Lok
Sabha elections.
vii. BJP president
Rajnath Singh called on Mr Advani at his Prithviraj Road residence in the
national Capital on Monday afternoon but failed in his attempt to appease him
Rajnath rejects
Advani’s resignation
i. BJP president Rajnath
Singh Monday refused to accept party leader L. K. Advani’s resignation from
organisational post
ii. “I have not
accepted Shri Advaniji’s resignation,” Rajnath Singh said in a tweet.
iii. BJP sources said that
the party leadership would make efforts to persuade Advani to reconsider his
Swasthya Bima Yojna : for BPL families in Assam
i. In Assam, BPL families are availing medical benefits
under the Centre’s Rashtriya Swasthya Bima Yojna,RSBY.  
ii. the scheme is being implemented in 24
districts. Remaining 3 districts will also be covered soon.
iii. As of now around 1 lakh 90 thousand
families have been enrolled under RSBY in 6 districts. 92 private and public
hospitals have been empanelled under the scheme.
iv. Encouraged by the success of the
scheme, Assam government has decided to launch a new health scheme from 1st of
next month. 
v. State Health Minister Dr.Himanta Biswa
Sarma said that
the new scheme will extend financial support to BPL families
up to 5 thousand rupees for Radiological investigation like X-Ray, City Scan,
vi. The new scheme will enhance the
medical benefits to the weaker section of the society along the RSBY.
Railways to launch SMS-based service for hygiene complaints
i. Railways have decided to launch an SMS-based service for immediate
response to passenger complaints regarding housekeeping service in coaches.  
ii. Set to
launch on a few select trains, the service will facilitate passengers to
contact the onboard staff via SMS or phone-call, in order to complain regarding
cleanliness in coaches, toilets and other problems faced during the journey.
iii. A senior Railway Ministry
official has said that, an On-site Passenger Complaint Redressal System (OPCRS)
is being developed as envisaged in the Rail Budget 2013-14.
iv. The service is likely
to be launched, in either Mumbai Rajdhani or Bangalore Rajdhani as a pilot
project soon.
v. “Passengers
will SMS his PNR on a common number like one being used for PNR inquiry,”
the official said.
vi. The Railways, have
asked for a three-digit number from the Department of Telecommunication for the
vii. Once the SMS is
sent, the information will be registered on OPCRS connected with GSM network,
and it will be immediately routed to mobile phone available with housekeeping
supervisor on train.
viii. Once the job is done,
housekeeping supervisor would request for complaint ID from the passenger and
send it via SMS from the hand held unit back to OPCRS.
5.    Rafael Nadal won French Open Title 2013
i. Rafael Nadal won his
8th Men’s Singles Tittle of the French Open Tennis Tournament.
ii. In the final at Paris,
Nadal beat Spanish compatriot David
Ferrer 6-3, 6-2, 6-3
. With this, he became the first player to win 8
Singles Titles at the same Grand Slam Tournament. 
iii. It also gave Nadal
his 59th win out of 60 matches played in Paris.
iv. Last year, he passed
six-time Roland winner Bjorn Borg with his seventh title. It was his 12th Grand
Slam title overall.
Serena Willimas won French Open Title 2013 
i. Serena
Williams  won the Women’s Singles title
of French Open Tennis tournament  by
defeating Maria Sharapova in straight sets by 6-4, 6-4.
ii. This is Serena’s
second French Open title and 16th grand slam.
iii. It was Sharapova’s
10th straight loss to Williams.
NOTE: At 31 years, 247
Serena Willimas is the
oldest women in the Open Era to win the French Open title. She beat the record
of Chris Evert who set the previous mark in 1986.
Srikanth  clinched the Thailand Open Badminton 2013
i. K Srikanth became the latest badminton sensation to
emerge from India as he lifted his maiden men’s singles title with a stunning
straight-game triumph over top-seeded local favourite Boonsak Ponsana at
the Thailand Open Grand Prix Gold in Bangkok on Sunday.
ii. The 20-year-old from
Guntur, Andhra Pradesh beat world number eight Ponsana 21-16 21-12 in a
34-minute match to script the biggest win of his still nascent career.
iii. Thailand Open
Badminton 2013 was held in Bangkok.
Bob and Mike Bryan won Doubles Title
at French Open 2013
i. Top-ranked
American twins Bob and Mike Bryan won their record 14th major doubles title by
defeating Michael Llodra and Nicolas Mahut of France 6-4, 4-6, 7-6 in the
French Open men’s doubles final.
ii. The local favourite
Llodra and Mahut were looking to become the first French pair since Yannick
Noah and Henri Leconte in 1984 to win the doubles title at Roland Garros.
iii. The Bryans had won
their only other French Open in 2003.
This is their 14th major doubles
Sebastian Vettel wins Canadian Grand Prix
i. Red Bull’s Sebastian Vettel won the Canadian Grand Prix, defeating
Ferrari’s Fernando Alonso in Montreal on Sunday, meanwhile, Mercedes’ Lewis
Hamilton and Ferrari’s Fernando Alonso took the third and second position
ii. Vettel, fierce as
ever, led from start to finish to claim the top spot, which happens to be a
maiden for both him and Red Bull
iii. This happens to be
Vettel’s third success of the season, after winning both in Malaysia and
BCCI suspends Raj Kundra
i. Rajasthan Royals co-owner Raj Kundra was suspended
by the BCCI on charges of gambling during IPL 6 matches
ii. “The
Working Committee today decided to suspend Raj Kundra on allegations of
gambling on IPL VI matches till the pendency of inquiry,” a senior working
committee member and BCCI office-bearer said in New Delhi on Monday.
iii. “Kundra will be
debarred from taking part in any cricketing activity related to Rajasthan
Royals which effectively means that he won’t be seen during Rajasthan Royals
matches in the upcoming Champions League Twenty20 in September,” he said.
iv. The
Board’s head of the interim arrangement, Jagmohan Dalimya, was forced to call
the meeting after the Delhi Police claimed that Kundra, a minority (11.7
percent) shareholder in Rajasthan Royals, had confessed to betting during the
IPL matches.
v. In another decision, the BCCI
Working Committee agreed that the two-member panel — comprising Justice T
Jayaram Chouta and Justice R Balasubramanian — which is currently
investigating Meiyappan and CSK would also probe Kundra and Rajasthan Royals.
India take on West Indies tomorrow 
i. With eyes firmly set on a semifinal berth, a confident India will seek to
keep the momentum going when they take on an unpredictable West Indies in a
crucial Group B match of the ICC Champions Trophy at the Oval in London on
ii. Both the teams have
won their opening group matches in contrasting fashion, and know very well that
a win will almost guarantee a spot in the last four stage of the tournament,
being held for the last time.
iii. While reigning world
champions India defeated injury-hit South Africa by 26 runs in Cardiff after
posting a commanding 331 for 7, the West Indies eked out a close two-wicket win
over Pakistan in a low-scoring game on Friday.
iv. But come tomorrow,
the clash will be a battle between many players who have solid ‘knowledge’ of
each other.