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The Reserve Bank of India imposed monetary penalties on Ola Financial Services and Visa Worldwide for their respective regulatory violations, including significant fines for KYC non-compliance and unauthorized implementation of payment solutions. This action reflects the RBI's commitment to enforcing strict compliance with financial regulations to maintain system integrity. A penalty of Rs 2.4 crore has been imposed on Visa Worldwide Pte Limited and Rs 41.5 lakh on Manappuram Finance Limited. A fine of Rs 87.55 lakh has been slapped on Ola Financial Services in two cases.
Cisco has signed an agreement with the Karnataka government to train 40,000 people in cybersecurity skills and awareness. According to the memorandum of...
Which of the following ministry recently launched the Citizen Perception Survey-2022?
Which new category has been introduced under the Pradhan Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
Consider the following statements with reference to Central Bank Digital Currency (CBDC):
I. The digital fiat currency or CBDC can be transact...
In a securitization, the issuer of asset-backed securities is best describes as the:
Which of the following is not true regarding CGTMSE Scheme?
I. Fund and non-...
Which currency did Zimbabwe launch and is backed by gold reserves to address economic instability?
What is the basic objective behind setting up NACH ?
"Consider the following statement regarding a Scheme SMILE - Support for Marginalized Individuals for Livelihood and Enterprise -"
I. It is launc...
What percentage of global GDP is contributed by MSMEs, as per the United Nations?