Followers

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.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/miyNBbA

No comments:

Post a Comment

Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...