B-meson decays involving radiative and electroweak penguin processes are sensitive probes to new physics beyond the standard model. The Belle experiment recently reported measurements of the inclusive radiative decay B → X s γ, and exclusive radiative decays B → K * γ and B → K 0 S ηγ. A lepton-flavor dependent measurements of angular observables for the decays B → K * ℓℓ by Belle hinted at possible deviation from lepton-flavor-universality. Any departure from lepton flavor universality is essentially accompanied by lepton flavor violation. Recently, lepton-flavor-violating decays B 0 → K * 0 µ ± e ∓ are searched at Belle, and stringent limits on their branching fractions are set. The BaBar experiment has searched for the decay B + → K + τ + τ − , which comprises third generation of the lepton family. The decays B → hνν are searched at Belle and obtained upper limits for these decays are close to the standard model predictions.