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RBI imposes monetary penalty on Hewlett-Packard Financial Services (India) Private Ltd. marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
RBI imposes monetary penalty on The Janalaxmi Co-operative Bank Ltd., Nashik, Maharashtra marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Mastercard barred from issuing new cards to customers in India econotimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econotimes.com Daily Mail and Mail on Sunday newspapers.
Mastercard banned from taking on new customers in India after flouting data rules itpro.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itpro.co.uk Daily Mail and Mail on Sunday newspapers.
Source: Reserve Bank of India The Reserve Bank of India (RBI) has imposed, by an order dated July 02, 2021, a monetary penalty of ₹25.00 lakh (Rupees twenty five lakh only) on Punjab and Sind Bank (the bank) for non-compliance with certain provisions of directions issued by RBI on ‘Cyber Security Framework in Banks’ dated June 2, 2016. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Banking Regulation Act, 1949. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. ....