Kotak Bank
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Priyanka Tanwer Jul 13 2022 - 3 min readThe Reserve Bank of India (RBI) has imposed fine of INR 1.67 crore on Ola Financial Services Private Limited for non-compliance with certain provisions of the Master Directions on Prepaid Payment Instruments (PPIs) and the Master Direction – Know Your Customer (KYC) Direction. “The Reserve Bank of India (RBI) has imposed monetary penalty of ...
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Priyanka Tanwer Jul 05 2022 - 3 min readThe Reserve Bank of India (RBI) has imposed monetary penalties on Kotak Mahindra Bank and IndusInd Bank for failing to comply with various regulations. The Central bank has fined INR 1.5 crore on Kotak Mahindra Bank Limited for non-compliance with directions on ‘Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’, and ...