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Doctors Medicines MCQs Q&A

  1. RBI
  2. SEBI
  3. SIDBI
  4. NABARD
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1 Answers

Option 1 : RBI

The correct answer is RBI.

  • Reserve Bank of India (RBI) has imposed a fine of Rs 1.67 crore on Ola Financial Services Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPI) and Know Your Customer (KYC) norms.
  • The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007.

  • RBI:
    • Governor - Shaktikanta Das.
    • Headquarters - Mumbai.
    • Founded: 1 April 1935, Kolkata.
    • The Bank publishes two statutory reports, the Annual Report of the Bank and the Report on Trend and Progress of Banking in India.
    • It also publishes Financial Stability Report.
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