Mumbai, March 16 The Reserve Bank on Monday imposed a penalty of Rs 3.1 lakh on the payment aggregator Cashfree Payments India Private Ltd for non-compliance with its directions.The RBI found that Cashfree made certain "unauthorized deductions" from an escrow account, according to an official...
banking regulations
cashfree payments india private ltd
complianceinspection
escrow account
financial penalties
financial sector
india
mumbai
payment aggregator
payment and settlement systems act 2007
payment systems
rbi
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reserve bank of india