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    Question

    A penalty of ______ crore has been imposed on the ATM

    Manager of Tata Communications Payment Solutions Limited (TCPSL) by the Reserve Bank of India?
    A 5 crore Correct Answer Incorrect Answer
    B 1 crore Correct Answer Incorrect Answer
    C 2 crore Correct Answer Incorrect Answer
    D 4 crore Correct Answer Incorrect Answer
    E 3 crore Correct Answer Incorrect Answer

    Solution

    RBI imposed Rs 2 crore penalty on TCPSL and Rs 54.93 lakh on ATPL for non compliance with the directions issued by RBI on White Label ATM deployment targets and net-worth requirement and also on not maintaining of escrow account balance and net-worth requirement.

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