In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on the following entities for non-compliance of regulatory guidelines.
Sr. No. |
Name of the Entity |
Speaking Order dated |
Amount of Penalty
(₹ lakh) |
Non-bank Prepaid Payment Instrument Issuers |
1. |
Sodexo SVC India Private Limited |
03-08-2020 |
200.00 |
2. |
Muthoot Vehicle & Asset Finance Ltd. |
12-08-2020 |
34.55 |
3. |
QwikCilver Solutions Private Limited |
15-10-2020 |
100.00 |
4. |
Phonepe Private Limited |
04-11-2020 |
139.00 |
5. |
Delhi Metro Rail Corporation Limited |
13-11-2020 |
5.00 |
ATM Network Operator |
6. |
Punjab National Bank |
13-11-2020 |
100.00 |
(Yogesh Dayal)
Chief General Manager
Press Release: 2020-2021/672
|