Question
Recently RBI has imposed a monetary penalty on which
financial institution for not complying with directions issued on ATM deployment targets?Solution
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.
The ratio of difference between the present age of A and B to the present age of B and C is 6:1. 6 years hence, the ratio between the age of A and C is ...
In a family a couple has a son and a daughter. The age of the father is four times that of his son and age of her daughter is half of her mother. The wi...
12 years ago, the ratio of the ages of Ivan and Jenny was 2:1. The present age of Carl is 18 years more than one-sixth of Jenny’s present age. Find th...
The sum of the ages of P, Q, and R is 120 years. If P is 10 years older than Q and R is 5 years younger than P, what is the age of Q?
The present age of A is 5/3 times to that of his marriage age. Present age of his brother is 1/3rd of his present age. If A was married 36 years ago the...
A is 3 years older than B while C is 4 years younger than B. The ratio of age of A, 6 years hence and age of B, 4 years ago is 3:2. What was age of C, 1...
If the sum of the ages of a father and his son is 60 years and the difference of their ages is 30 years, what is the father's age?
The ratio of the present ages of father and his son is 9:5. The product of their ages 3 years ago was 33 times of his son’s age that year. What was so...
A is 2 years older than B while C is 3 years younger than B. The ratio of age of A, 5 years hence and age of B, 4 years ago is 5:4. What was age of C, 1...
P's current age is 27 years. After 5 years, Q's age will be