New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which organization imposed monetary penalties on

    Manappuram Finance, Ola Financial Services, and Visa Worldwide for non-compliance with regulatory guidelines?
    A Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
    B Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    C Ministry of Finance Correct Answer Incorrect Answer
    D National Payments Corporation of India (NPCI) Correct Answer Incorrect Answer
    E Insurance Regulatory and Development Authority of India (IRDAI) Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) imposed monetary penalties on these organizations for non-compliance with regulatory guidelines, reflecting its stringent stance on regulatory lapses by payment system operators.

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