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Sunday, July 28, 2024

RBI imposes penalties on 3 payment system operators

The Reserve Bank of India has fined Visa Worldwide, Ola Financial Services, and Manappuram Finance for failing to comply with regulatory requirements. Penalties included Rs 2.4 crore for Visa, Rs 41.5 lakh for Manappuram Finance, and Rs 87.55 lakh for Ola Financial Services. The breaches involved non-compliance with Know Your Customer (KYC) norms and other regulatory provisions.

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Subsidy bill set to spike due to fertliser payouts, cooking gas payouts

Fertiliser Outgo May Hit 3.8L Cr, Oil Cos Losing 700/Cylinder from Business News Today: Stock Markets, Financial News, India Business ...