Banking service chronicle

Banking service chronicle

Banking service chronicle published this article page no 2 the reserve bank of india has imposed a penalty of rs.three crore six lakh sixty six thousand on amazon pay (india) pvt ltd for non-compliance of certain directions relating to prepaid payment instruments and know your customer. the penalty has been imposed in exercise of powers vested in rbi under section 30 of the payment and settlement systems act 2007. after considering the reply of the institution reserve bank of india has come to the conclusion that the above allegation of non-compliance with the directions of reserve bank of india has been established and warrants imposition of monetary penalty Banking service chronicle magazine subscription.


Banking service chronicle

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