<h1>Public Sector Banks and LIC suspend 15 employees and take disciplinary action after Cobrapost expose. Compliance reports awaited.</h1> Public Sector Banks and the Life Insurance Corporation of India are taking disciplinary actions against several officers and employees following the Cobrapost, Red Spider 2 expose. The Secretary of the Department of Financial Services instructed the heads of these institutions to act promptly and provide compliance reports. Consequently, fifteen employees from public sector banks and the insurance sector have been suspended, ten officers have been relieved of their duties, and six have been asked to take leave. Further action and reports are anticipated as the investigation continues.