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    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?
    A Mynd Solutions Private Limited Correct Answer Incorrect Answer
    B Payme India Ltd Correct Answer Incorrect Answer
    C Slice Ltd Correct Answer Incorrect Answer
    D HDFC Finance Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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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