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RBI Imposes Penalty Totalling 9 Crore on 5 Payment System Operators

The Reserve Bank of India (RBI) has imposed a penalty totalling Rs9 crore on five payment system operators, citing non-compliance with its norms on prescribed transaction limits and ATM deployment.

Muslim bank ltdSeyad shariat finance ltdTata communications payment solutionsHitachi payment servicesJijamata mahila sahakari bankReserve bankTransaction analystsSettlement systems actPune based jijamata mahila sahakari bankPune based the muslim co operative bank ltdTamil naduMutual fund returnsAnk fixed depositsNvestor returnsOrtfolio allocation

RBI Imposes Penalty Totalling 9 Crore on 5 Payment System Operators

The Reserve Bank of India (RBI) has imposed a penalty totalling Rs9 crore on five payment system operators, citing non-compliance with its norms on prescribed transaction limits and ATM deployment.

Muslim bank ltdSeyad shariat finance ltdTata communications payment solutionsHitachi payment servicesJijamata mahila sahakari bankReserve bankTransaction analystsSettlement systems actPune based jijamata mahila sahakari bankPune based the muslim co operative bank ltdTamil naduMutual fund returnsAnk fixed depositsNvestor returnsOrtfolio allocation

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