Question
Recently Reserve Bank of India imposes penalty of Rs
13.9 lakh on which of the following institution for non-compliance of the guidelines?Solution
The Reserve Bank of India (RBI) has penalised Mynd Solutions Private Limited Rs 13.9 lakh for not complying with its guidelines on Trade Receivables Discounting System (TReDS). The penalty has been imposed under Section 30 of the Payment and Settlement Systems Act, 2007 (PSS Act).
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