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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