Recently RBI has imposed a monetary penalty on which financial institution for not complying with directions issued on ATM deployment targets?
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.76 crore on Vakrangee Ltd for not complying with directions issued by the central bank on ATM deployment targets. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007 (PSS Act). RBI Headquarters: Mumbai Governor: Shaktikanta Das 4 Deputy Governors: T. Rabi Sankar, MK Jain, MD Patra, M Rajeshwar Rao Vakrangee Ltd Headquarters: Mumbai MD & CEO: Dinesh Nandwana The Payment and Settlement Systems Act 2007, set up by the RBI, provides for the regulation and supervision of payment systems in India and designates the apex institution (RBI) as the authority for that purpose and all related matters. To exercise its powers and perform its functions and discharge its duties, the RBI is authorized under the Act to constitute a committee of its central board, which is known as the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS). The Act also provides the legal basis for ‘netting’ and ‘settlement finality’.The PSS Act, 2007 received the assent of the President on 20th December 2007 and came into force with effect from 12th August 2008.
V2X technology, which was seen in the news, is related to:
_____________ is used by fraudsters to install malware through public ports in customers mobile –:
Which of the following becomes the first district in India to cover 100% households under ABPMJAY- SEHAT scheme?
Who became the first Indian woman to be nominated as a member of the International Olympic Committee (IOC)?
According to the United Nations, what percentage of people will live in cities by 2050?
In the context of Gupta administration, the term 'vithi' referred to a/an:
For which sport did Kale Sarika Sudhakar won the Arjuna Award 2020?
Under Prime Minister’s Employment Generation Programme (PMEGP), the subsidy for General category applicants is ___ % of the project cost in rural are...
Identify the correct statement.
As per the data released by periodic labour force survey of the National Statistical Office, unemployment rate for all ages in urban areas increased to ...