RBI imposes Rs 1 crore fine on Paytm Payments Bank
source link: https://nextbigwhat.com/rbi-imposes-rs-1-crore-fine-on-paytm-payments-bank/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
RBI imposes Rs 1 crore fine on Paytm Payments Bank
- RBI said the information submitted by Paytm payments bank for the issue of final Certificate of Authorisation did not reflect the factual position.
- Updated: Oct 20, 2021, 07:35 PM IST. The Reserve Bank of India has imposed a monetary penalty worth Rs 1 crore on Paytm Payments Bank for violating its guidelines.
- In a press statement, the central bank said that the fine is related to an offence committed of the nature referred to in Section 26 of Payment and Settlement Systems Act, 2007.
Recommend
-
4
Indian digital payments giant Paytm files for $2.2 billion IPO Digital payments giant Paytm, one of India’s most valuable startups, plans to raise up to $2.2 billion in an initial public offering, it...
-
7
NBW News RBI fines Ola Financial Rs 1.67 crore for flouting KYC rules
-
10
Paytm’s consolidated losses stand at Rs 645.5 crore (an increase of 69% y-o-y) August 6, 2022
-
9
CCI imposes monetary penalty of ₹ 1337.76 crore on Google The Commission has examined various practices of Google w.r.t. licensing of this Android mobile operating system and various...
-
7
Home News RBI launches e₹-R, Central Bank Digital Currency pilot ...
-
4
Home News Paytm’s annualised loan disbursal run rate hit Rs 39,000 crore in November...
-
7
FTC imposes $1.5M fine on drug discount firm for sharing user data with Microsoft and Google...
-
4
Breaking new ground in digital payments, the Reserve Bank of India (RBI) has unveiled plans to introduce advanced Unified Payments Interface (UPI) features. RBI’s initiative to integrate conversational AI and offline payments aims at enhancing the...
-
3
Paytm Reports Loan Disbursals of Rs 5,517 Crore and Rising GMV, Boosting Stock Paytm’s loan disbursals through the platform reached Rs 5,517 Cr ($667 million) in Augu...
-
5
Home RBI reports Rs 12,000 crore in Rs 2,000 notes still in circulation RBI reports Rs 12,0...
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK