|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
AMAZON PAY (INDIA) PVT.LTD.
|
|
|
ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE
|
IMPOSED PENALTY RS.3,06,66,000 FROM 03-MAR-2023
03-MAR-2023
|
|
|
2
|
|
|
BALANCEHERO INDIA PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.12,88,000 FROM 19-SEP-2019
19-SEP-2019
|
|
|
3
|
|
|
DELHI METRO RAIL CORP.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.5,00,000 FROM 13-NOV-2020
13-NOV-2020
|
|
|
4
|
|
|
GI TECHNOLOGY PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.1,00,00,000 FROM 26-MAR-2019
26-MAR-2019
|
|
|
5
|
|
|
HIP BAR PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.10,85,000 FROM 24-MAY-2019
24-MAY-2019
|
|
|
6
|
|
|
LIVQUIK TECHNOLOGY (INDIA) PVT.LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON NET-WORTH REQUIREMENT
|
IMPOSED PENALTY RS.14,83,000 FROM 07-MAR-2022
07-MAR-2022
|
|
|
7
|
|
|
MANAPPURAM FINANCE LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON “KNOW YOUR CLIENTS” REQUIREMENTS
|
IMPOSED PENALTY RS.41,50,000 FROM 16-JUL-2024
16-JUL-2024
|
|
|
8
|
|
|
MUTHOOT VEHICLE & ASSET FINANCE LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.34,55,000 FROM 12-AUG-2020
12-AUG-2020
|
|
|
9
|
|
|
MY MOBILE PAYMENTS LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.1,00,00,000 FROM 22-OCT-2018
22-OCT-2018
|
|
|
10
|
|
|
OBOPAY MOBILE TECHNOLOGY INDIA PVT.LTD
|
|
|
ALLOWED OPERATIONS AND DID NOT CLOSE SEVERAL ACCOUNTS OPEN USING OTP BASED E-KYC IN NON-FACE-TO-FACE MODE, EVEN AFTER EXPIRY OF ONE YEAR WITHOUT CONDUCTING CUSTOMER DUE DILIGENCE PROCEDURE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON PREPAID PAYMENT INSTRUMENT ISSUERS (PPIS)
|
IMPOSED PENALTY RS.5,93,000 FROM 18-AUG-2022
18-AUG-2022
|
|
|
11
|
|
|
OLA FINANCIAL SERVICES PVT.LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON “KNOW YOUR CLIENTS” REQUIREMENTS
|
IMPOSED PENALTY RS.33,40,000 FROM 16-JUL-2024
16-JUL-2024
|
|
|
12
|
|
|
OLA FINANCIAL SERVICES PVT.LTD.
|
|
|
CONTRAVENED CERTAIN PROVISIONS OF MASTER DIRECTIONS ON PREPAID PAYMENT INSTRUMENTS (PPIS) DATED 27/04/2021 AND CARD NOT PRESENT TRANSACTIONS
|
IMPOSED PENALTY RS.54,15,000 FROM 05-JUL-2024
05-JUL-2024
|
|
|
13
|
|
|
ONE MOBIKWIK SYSTEMS PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.15,00,000 FROM 17-MAY-2019
17-MAY-2019
|
|
|
14
|
|
|
OXIGEN SERVICES (INDIA) PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.5,00,000 FROM 17-SEP-2019
17-SEP-2019
|
|
|
15
|
|
|
PHONEPE LTD.
|
|
|
END OF THE DAY BALANCE IN THE ESCROW ACCOUNT OF THE COMPANY WAS LESS THAN THE VALUE OF OUTSTANDING PREPAID PAYMENT INSTRUMENTS (PPIS) AND PAYMENTS DUE TO MERCHANTS ON CERTAIN DAYS
DID NOT REPORT SHORTFALL IN ESCROW ACCOUNT TO RBI IMMEDIATELY
|
IMPOSED PENALTY RS.21,00,000 FROM 10-SEP-2025
10-SEP-2025
|
|
|
16
|
|
|
PHONEPE PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.1,39,00,000 FROM 04-NOV-2020
04-NOV-2020
|
|
|
17
|
|
|
PHONEPE PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.1,00,00,000 FROM 14-FEB-2019
14-FEB-2019
|
|
|
18
|
|
|
QWIKCILVER SOLUTIONS PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.1,00,00,000 FROM 15-OCT-2020
15-OCT-2020
|
|
|
19
|
|
|
SODEXO SVC INDIA PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.2,00,00,000 FROM 03-AUG-2020
03-AUG-2020
|
|
|
20
|
|
|
SPICE MONEY LTD.
|
|
|
DID NOT ADHERE TO CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON ISSUANCE AND OPERATION OF PPIS IN INDIA
|
IMPOSED PENALTY RS.2,44,000 FROM 14-SEP-2021
14-SEP-2021
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
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