Business
RBI cracked the whip on ICICI, others, for flouting norms, but was ignored: RTI

The Reserve Bank of India (RBI) had slapped show cause notices (SCNs) and imposed penalties on the ICICI Bank and certain other banks way back in 2017, for violating various norms, according to a RTI reply, but few of these seemed to have heeded this.
The SCNs were served on at least 13 banks, including the ICICI Bank, which was also penalised for flouting the tough Income Recognition & Asset Classification (IRAC) rules, as the RTI reply received by Pune businessman Prafful Sarda.
The RTI of July 2019 shows the time-period of the SCNs and penalties to the banks – from April 2017 – to the State Bank of India, Deutsche Bank, ICICI Bank, Yes Bank, Axis Bank, IDBI Bank, Indusind Bank, Jammu & Kashmir Bank, Karur Vysya Bank, South Indian Bank.
In three other instances, the SCNs were given but since the adjudication process was not completed, the banks’ names were withheld, said Sarda.
The SCNs were sent to ICICI Bank as alarming reports started emanating about various accounts, including the Videocon Group headed by Venugopal Dhoot, which was already in the process of turning into a non performing asset (NPA), he pointed out.
As whistle-blower exposes and media probes unravelled more murky details, the following year (2018), then ICICI Bank Managing Director & CEO Chanda Kochhar severed her ties with the bank after its own internal probe and also by the retired Supreme Court judge, Justice B. N. Srikrishna’s independent enquiry report.
In December 2022, Chanda, her husband Deepak Kochhar and Dhoot have all bit the dust to land in the custody of Central Bureau of Investigation (CBI).
“Despite the timely alerts given by the RBI, it’s mysterious how the ICICI Bank failed to take serious note and show her the door immediately. Will the CBI also probe the entire conspiracies that were hatched then, the players inside and outside, which have clearly resulted in the huge losses to the bank and the public,” Sarda wonders.
As far as the ICICI Bank’s gross NPAs are concerned, the RTI reply shows the figures after 2008-2009 (when Chanda Kochhar became the captain) as Rs 9,565 crore which shot up and accumulated to a staggering Rs 33,978 crore (2018-2019) when she was virtually banished by the bank after over 10 years.
In between, in 2012, came the Videocon Group loan of Rs 3,250 crore, which was declared NPA after five years in 2017, and started her steep downslide, too.
Even as the RBI showed the red signal to ICICI and other banks, the CBI in 2019 had registered the FIR against the Kochhars after a preliminary enquiry lasting 10 months.
National
Maha govt, Raj Thackeray on same page for respect of Marathi language: Minister Uday Samant

Mumbai, April 5: Minister of Marathi Language Uday Samant on Saturday said the Maharashtra government and Maharashtra Navnirman Sena (MNS) chief Raj Thackeray share the same view that everyone living in the state should be able to speak Marathi, while also respecting all other languages.
“Respect for Marathi should be maintained, just as we respect other languages,” Samant said after meeting Raj Thackeray in Mumbai here on Saturday.
The meeting comes amid MNS’s renewed push to assert Marathi identity ahead of civic polls across major cities, including Mumbai, Thane, Pune, Nashik, and Nagpur.
Speaking to reporters after the meeting, Samant said, “Raj Thackeray had invited me, as the Minister for Marathi Language, to discuss ongoing developments regarding the use of Marathi in the state. Before coming, I informed the Shiv Sena chief and Deputy CM Eknath Shinde and took his permission.”
Samant said Raj Thackeray had shared suggestions on how to ensure institutions, particularly banks, implement the use of Marathi in day-to-day business.
“I will personally speak to Deputy CM Eknath Shinde and CM Devendra Fadnavis. We will work towards improvements,” he said.
“Raj Thackeray and the state government have a common stand — Marathi must be respected, and all residents of Maharashtra should learn the language. I will call a meeting of all committees in the state to ensure that institutions dealing with the public, like banks, conduct their business in Marathi. We will then decide what action needs to be taken,” Samant added.
The meeting took place a day after CM Fadnavis warned that while insisting on the use of Marathi is not wrong, taking the law into one’s hands in the process would not be tolerated. “Those who do so will be dealt with appropriately,” he said, responding to incidents of aggressive promotion of Marathi by MNS cadres.
Samant acknowledged that many languages are spoken in Maharashtra and the state has welcomed people from different backgrounds. “We respect them, and MNS does too. But bullying and injustice toward Marathi speakers must stop. Raj Thackeray suggested that Marathi should be given legal protection,” he said.
He also reiterated that banks and institutions that engage daily with Marathi-speaking citizens must use the language in their services. “A meeting of the police department and district collectors will be held in the next eight to ten days. A committee has already been formed to promote the Marathi language, headed by the respective district collectors. These committees will decide on the necessary action against institutions that neglect Marathi.”
Meanwhile, MNS spokesperson Sandip Deshpande took a sharper tone, saying on X, “Those who do not want to speak Marathi can leave Maharashtra. Those who refuse to speak Marathi while living in the state are traitors.”
He added that MNS’ stance — that Marathi must be respected in Maharashtra just like local languages are in other states — has found support among linguistic identity organizations in other regions.
“Karnataka Rakshana Vedike, for instance, has extended full support to Raj Thackeray’s stand,” Deshpande said.
National
Uddhav Thackeray has betrayed Balasaheb’s ideals, says Bawankule on Waqf Bill

Pune, April 5: Maharashtra BJP president and Revenue Minister Chandrashekhar Bawankule here on Saturday launched a sharp attack on Shiv Sena (UBT) chief Uddhav Thackeray, accusing him of betraying the ideals and vision of his father, Balasaheb Thackeray, by opposing the Waqf Amendment Bill.
Bawankule claimed that Thackeray’s stance was driven by vote-bank politics ahead of the upcoming Brihanmumbai Municipal Corporation (BMC) elections.
“Uddhav Thackeray’s position on the Waqf Amendment Bill is not even acceptable to his own workers. I’ve received messages from across the state suggesting that many Shiv Sainiks are disillusioned and considering quitting the party. His Shiv Sena won’t survive another year,” Bawankule asserted.
He further alleged, “By opposing the Waqf Amendment Bill, Uddhav Thackeray has committed a serious offence.”
On Friday, Deputy Chief Minister Devendra Fadnavis defended the Bill, stating that it reflects the secular and democratic spirit enshrined in the Constitution.
“The Waqf Board that existed till now was a product of appeasement politics. It neither benefited the minority community nor contributed to any charitable cause. On the contrary, it was used to forcibly grab land. The biggest Waqf land scam in Maharashtra happened during the Congress regime. We had even initiated an inquiry into it,” Fadnavis said.
He added that the amended law would bring much-needed transparency and ensure that the benefits reach the common Muslim.
“The Bill does not infringe upon any religious beliefs. It merely corrects historical wrongs. It also ensures women’s representation on the Waqf Board and removes the earlier provision that barred judicial scrutiny of its actions,” he said.
Fadnavis also alleged that Waqf lands were often taken over by the Board and later by Congress leaders, adding, “The Bill is aimed at ending this loot. Those who truly follow Balasaheb Thackeray’s ideals should support it.”
Deputy Chief Minister Eknath Shinde, who also heads a faction of the Shiv Sena, accused Thackeray of abandoning Hindutva and compromising Balasaheb’s principles. “His opposition to the Bill exposes his real priorities — power over people’s welfare,” Shinde said.
Crime
Kunal Kamra issued third summons by Mumbai Police, asked to appear for questioning today

Mumbai, April 5: Stand up comedian Kunal Kamra has been issued a third summons by Mumbai’s Khar Police, asking him to appear for questioning on Saturday.
This summons follows two previous attempts by the police to call Kamra in for investigation, but the comedian failed to show up for either of the earlier summons.
Kamra is under investigation for an alleged controversial comment that was understood to be an indirect swipe at Maharashtra Deputy Chief Minister Eknath Shinde.
The video, which aired following Kamra’s performance at the Habitat Comedy Club in Khar, saw the comedian using a modified version of a popular Bollywood song from ‘Dil To Pagal Hai.’ “Meri nazar se tum dekho toh, gaddar nazar wo aaye. Haaye,” Kunal Kamra said during his show which was understood to be a jibe at Shinde.
The comments, were perceived to be made in the context of the 2022 Maharashtra political crisis, which led to the fall of the Uddhav Thackeray-led government, resulted in multiple FIRs being filed against Kamra.
Following the release of Kamra’s video on March 23, Shiv Sena workers, angered by his remarks, vandalised the Unicontinental Hotel in Khar where Kamra had recorded the video. This incident led to the arrest of 12 Shinde supporters, who were later granted bail.
In response to the summons, Kamra had earlier stated he was unavailable in Mumbai due to prior commitments and offered to appear for questioning on April 2.
However, the police did not accept his request for a delayed appearance.
Kamra’s lawyer, V. Suresh, had expressed concerns about Kamra’s safety, claiming he had received threats from certain Maharashtra Cabinet ministers.
Mumbai’s Khar Police Station is investigating the matter, with two FIRs already filed against Kamra for derogatory remarks. In addition, three more FIRs filed against him in different parts of Maharashtra have been combined into the Mumbai investigation.
The police have confirmed that Kamra is not currently in contact with the Khar police station. Kamra has been granted protection from arrest until April 7 by the Madras High Court, but the latest summons indicate that the investigation is moving forward despite his earlier refusals to comply.
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