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regulatory compliance

RBI Imposes Rs 1 Cr Penalty on One Mobikwik Systems, Spice Money

Pragativadi News Service Dec 23, 2021

Mumbai: The Reserve Bank of India (RBI) on Thursday imposed a penalty of Rs 1 crore each on payment system operators-- One Mobikwik Systems Private Limited and Spice Money Limited --for deficiencies in regulatory compliance. The central…

Business

RBI fines PNB Rs 1.8 Cr, ICICI Bank Rs 30 Lakh for non-compliance

Pragativadi News Service Dec 15, 2021

New Delhi: The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.8 crore on Punjab National Bank and Rs 30 lakh on ICICI Bank and for deficiencies in regulatory compliance. The RBI on Wednesday stated that the Statutory…