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The Supreme Court on Monday ruled that the banks should give a personal hearing to borrowers before classifying their account as fraudulent, in accordance with the RBI's Master Circular of July 1, 2016, noting that the action of classifying an ...
India's central bank is asking banks to submit a report on the various agreements they have with fintech companies.
The Reserve Bank of India on Friday said that it has imposed a monetary penalty of Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions.
RBI has slapped a penalty of INR 3.07 Cr on Amazon’s payment arm, Amazon Pay, for flouting PPI norms and KYC directions
The Reserve Bank of India on Friday said that it has imposed a monetary penalty of Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions.In a statement on Friday, the RBI said: "The Reserve Bank of ...