The Reserve Bank of India has imposed a penalty on two online payment solutions providers Mobikwik Systems and Hip Bar for non compliance of regulatory guidelines.
Mobikwik Systems Private Limited has been slapped a fine of Rs 15 lakh while Hip Bar Pvt Ltd faced a fine of Rs 10.85 lakh.
Static/Current Takeaways Important For SBI Clerk Mains:
- Governor of RBI: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
Source: The Economic Times