RBI has imposed Rs 1 crore monetary penalty on which payments bank for – InterviewSolution

InterviewSolution

1.	RBI has imposed Rs 1 crore monetary penalty on which payments bank for violating norms under Section 26 (2) of the Payment and Settlement Systems Act, 2007?
Answer» The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL) over certain specified violations, as referred in Section 26 (2) of the Payment and Settlement Systems Act, 2007.

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