BREAKING NEWS
Wish to work for betterment of my state Odisha: UPSC 2nd rank holder Animesh Pradhan
Koppal: Sanganna Karadi resigns from BJP
Am an independent, no more with BJP to face disciplinary action: rebel leader Eshwarappa
India aims to achieve debris-free space missions by 2030: ISRO chief Somanath
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LS polls: Rahul Gandhi attacks PM Modi calls him instrument of rich
Renowned musician K G Jayan passes away
RCB’s Maxwell to take a break from IPL 2024 for mental and physical wellness
Boat capsizes in Jhelum river in J-K; at least 4 dead
BJP files complaint with Election Commission against Karnataka Minister D Sudhakar
Lamborghini burnt by old car dealer over dispute with owner in Hyderabad
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Firing outside Salman Khan’s residence: Alleged shooter and accomplice arrested
Travis Head guides SRH to record IPL total of 287/3 against RCB
EC says Tharoor’s statement against Chandrasekhar in interview violates model code
RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms
PTI, Jul 30, 2019, 10:21 AM IST
Mumbai: The Reserve Bank has imposed a total penalty of around Rs 26 lakh on two online payment solutions providers One Mobikwik Systems and Hip Bar.
One Mobikwik Systems Private Limited has been slapped a fine of Rs 15 lakh while Hip Bar Pvt Ltd faced a fine of Rs 10.85 lakh, according to an RBI release.
These two prepaid payment instrument (PPI) issuers have been levied monetary penalty for non-compliance of regulatory guidelines, the release said.
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