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Start learning 50% faster. Sign in nowThe Reserve Bank of India (RBI) has revised the penalty framework under the Payment and Settlement Systems Act (PSS Act). The maximum penalty for contraventions such as unauthorized operation of payment systems, disclosure violations, or non-payment of penalties has been increased from ₹5 lakh to ₹10 lakh or twice the amount involved, whichever is higher. Additionally, an extra penalty of ₹25,000 per day may be imposed for ongoing violations.
Which fair starts from Makar Sankranti and ends at Maha Shivratri?
What does the SARFAESI Act, 2002 allow secured creditors to do?
Chhatrapati Shahuji Maharaj (King George's) Medical University is located in which district of Uttar Pradesh?
Which country is hosting the 57th ASEAN Foreign Ministers’ Meeting?
Who won the Governor of the year award 2022?
Which statement is correct regarding the relationship between the Indian Monsoon and the Inter Tropical Convergence Zone (ITCZ)?
Which of the following represents a conventional form of lending to weaker sections under the formal sector?
Which country will be hosting the Paralympic Games 2024?
What is the authorized capital of CCIL IFSC Limited?
From which Indian state does cricketer Smriti Mandhana hail?