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The Reserve Bank of India on Friday said it has imposed a penalty of Rs 63.6 lakh on Bank of Baroda for non-compliance with certain provisions of the 'Fair Practices Code for Lenders' and 'Know Your Customer (KYC)' norms.
A penalty of Rs 3.1 lakh has also been imposed on GIC Housing Finance Ltd for non-compliance with certain provisions of the KYC guidelines.
In a statement, the RBI said it had conducted a statutory inspection for supervisory evaluation of the Bank of Baroda with reference to the financial position as on March 31, 2025, and a notice was issued to the lender.
After considering the bank's reply to the notice, the RBI found that the public sector lender had collected interest higher than the contracted rate of interest in certain loan accounts.
It also did not upload KYC records of certain customers to the Central KYC Records Registry (CKYCR) within the prescribed timeline, the RBI said.
In another statement, the RBI said a statutory inspection of GIC Housing Finance

Bank of Baroda

Press Trust of India

Prime Minister Narendra Modi will inaugurate a refinery-cum-petrochemical complex, a semiconductor facility and other projects worth about ₹1.06 lakh crore during his visit to Rajasthan and Gujarat

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The match between Mexico and Ecuador for the round of 32 of the World Cup was delayed Tuesday night due to a thunderstorm over the Mexico City Stadium area.
The storm started about two hours before the match was set to begin. No announcement was made on when it would start.
Mexico is aiming to qualify to the round of 16 and inch closer to tie their best performances in the World Cup. Mexico reached the quarterfinals, playing at home, in 1970 and 1986.

FIFA World Cup 2026 - Round of 32 - Mexico v Ecuador The big screen inside the stadium displays a message saying the match has been delayed at Estadio Azteca, Mexico City

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Bayern Munich signed Germany left back Nathaniel "Nene" Brown from Bundesliga rival Eintracht Frankfurt for a reported fee of 55 million euros ($63 million) on Friday.
The Bavarian powerhouse said the 23-year-old Brown had signed a contract through June 2031.
"He made his mark at the World Cup and showed why we've been looking at him for a while. He'll expand our options in both defense and midfield," Bayern board member for sport Max Eberl said.
Born in Bavaria to a German mother and American father, Brown could have played for the United States. He was a key part of the Germany Under-21 team which lost the European Championship final to England last year and said he wanted to stay with Germany.
He was first choice at left back for the World Cup, and one of the few players to emerge from the tournament with their reputations enhanced after Germany's shock exit to Paraguay in the first knockout game. Brown has now made eight appearances for the senior team.
Brown joined Frankfurt 

Nathaniel Brown

Doubles players fear for their tennis future after being told by the ATP Tour that prize money and tournament sizes will decrease significantly starting in 2028.
A group of leading doubles players issued a statement Friday saying they are not "a carnival sideshow", and that it will be impossible for anyone outside the top 30 in the ATP doubles rankings to make a living if the new proposals are adopted.
The statement comes after doubles players met with ATP officials at Wimbledon this week to discuss the future of a format that is struggling to draw an audience.
"The ATP is proposing to slash doubles draws, gut doubles prize money, and hand Challenger entry to singles players ahead of specialists who have built their careers in this discipline," the players' statement said.
They said the proposal would give doubles players just 10 percent of the prize money at ATP tournaments - down from 20 percent - while halving the size of the doubles fields.
At the premier Masters tournaments, 

Still from ATP event

Russian qualifier Roman Safiullin wiped away tears after beating Brazilian rising star Joao Fonseca 6-3, 6-3, 6-3 to reach the fourth round at Wimbledon on Friday.
Safiullin, ranked No. 132, dealt with a knee injury last year but this week has eliminated two seeded opponents at the All England Club. He surprised 12th-seeded Andrey Rublev in the first round. Fonseca was seeded No. 24.
The 28-year-old Safiullin, a Wimbledon quarterfinalist in 2023, became emotional when he described his journey back.
"After the U.S. Open, I had to stop - for treating my injury," he said in an on-court interview. "That time was super tough. Even let's say half a year ago I didn't know if I will be able to be back."
Safiullin then paused and used his shirt to wipe away tears as fans applauded on No. 2 Court.
"I'm super happy to be back here," he added.
Safiullin will face either Novak Djokovic or Arthur Rinderknech for a spot in the quarterfinals.
Djokovic and Rinderknech were playing on Centre Cour

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Bayern Munich seal $63m deal for Germany left-back Nathaniel Brown

ATP faces backlash as doubles players oppose prize money cut proposal

Roman Safiullin stuns Joao Fonseca to seal major Wimbledon 2026 upset

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