Скачать или смотреть Rbi imposes penalty of rs 1 cr each on one mobikwik spice money

Rbi imposes penalty of rs 1 cr each on one mobikwik, spice money

Source: https://www.business-standard.com/art...

Reserve Bank of India on Thursday imposed penalty of Rs 1 crore each on two payment system operators, One Mobikwik and Spice Money, for non-compliance of norms."
has imposed monetary penalty on two (PSOs) for committing offences of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS Act)," the central bank said in a statement.
The penalties have been imposed in exercise of powers vested in under the provisions of Section 30 of the PSS Act.
As these were offences of the nature referred to in Section 26 (6) of the PSS Act, notices were issued to the entities.
After reviewing their written responses and the oral submissions made during the personal hearing, RBI concluded that the aforesaid charges of non-compliance with RBI directions were substantiated and warranted imposition of monetary penalty," added RBI.

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