RBI Penalizes Visa, Ola Financial Services, and Manappuram Finance with Rs 3.7 Crore for Regulatory Non-Compliance
Delhi: The Reserve Bank of India (RBI) has imposed a cumulative penalty of approximately Rs 3.7 crore on prominent payment system operators Visa Worldwide, Ola Financial Services, and Manappuram Finance for failing to adhere to regulatory requirements. The penalties are allocated as follows: Visa Worldwide Pte Limited has been fined Rs 2.4 crore, Manappuram Finance … Read more