RBI imposes Rs 1.68 crore penalty on Ola Financial Services
RBI further stated that it had observed that the entity was non-compliant with the directions issued on KYC requirements.
Source: businesstoday.in
Page 25 - Master Direction News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Master Direction. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Master Direction Today - Breaking & Trending Today
RBI's New Mechanism for International Trade Settlement in Indian Rupee
In this short explainer, we discuss the RBI's new mechanism to enable international trade settlements in the Indian Rupee.
Source: india-briefing.com
RBI imposes monetary penalty on Ola Financial Services
The Reserve Bank of India (RBI) on Tuesday said it has imposed a monetary penalty of Rs 1.68 crore on Ola Financial Services Private Limited for non-compliance with certain provisions of payment instruments and know your customers (KYC).
Source: webindia123.com
RBI Imposes Penalty of Rs1.68 Crore on Ola Financial Services Over Non-compliance of KYC Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs1,67,80,000 on Ola Financial Services Private Limited for non-compliance with KYC norms.
Source: moneylife.in
India's Central Bank, RBI Announces International Trade Settlement in Indian Rupees
Indian importers undertaking imports through this mechanism shall make payment in INR which shall be credited into the Special Vostro account of the correspondent bank.
Source: sentinelassam.com