The #ReserveBankofIndia has imposed a penalty of Rs 1 crore on #Paytm Payments Bank Ltd. for violating provisions of Payment and Settlement Systems Act 2007 and submitted information that did not reflect the factual position. It is an offence under Section 26 (2) of the Payments and Settlement Act.
RBI fines Rs 1 crore on Paytm Payment Bank.
The #ReserveBankofIndia has imposed a penalty of Rs 1 crore on #Paytm Payments Bank Ltd. for violating provisions of Payment and Settlement Systems Act 2007 and submitted information that did not reflect the factual position. It is an offence under Section 26 (2) of the Payments and Settlement Act.
RBI fines Rs 1 crore on Paytm Payment Bank
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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for 'fair use' for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in the favor of fair use.
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Source : ANI \ Studio \ INH Reporters \ Agencies
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for 'fair use' for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in the favor of fair use.
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