|
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
03-MAR-2023
|
|
|
2
|
|
|
BALANCEHERO INDIA PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.12,88,000
19-SEP-2019
|
|
|
3
|
|
|
DELHI METRO RAIL CORP.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.5,00,000
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
26-MAR-2019
|
|
|
5
|
|
|
HIP BAR PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.10,85,000
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
07-MAR-2022
|
|
|
7
|
|
|
MUTHOOT VEHICLE & ASSET FINANCE LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.34,55,000
12-AUG-2020
|
|
|
8
|
|
|
MY MOBILE PAYMENTS LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.1,00,00,000
22-OCT-2018
|
|
|
9
|
|
|
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
18-AUG-2022
|
|
|
10
|
|
|
ONE MOBIKWIK SYSTEMS PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.15,00,000
17-MAY-2019
|
|
|
11
|
|
|
OXIGEN SERVICES (INDIA) PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.5,00,000
17-SEP-2019
|
|
|
12
|
|
|
PHONEPE PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.1,39,00,000
04-NOV-2020
|
|
|
13
|
|
|
PHONEPE PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.1,00,00,000
14-FEB-2019
|
|
|
14
|
|
|
QWIKCILVER SOLUTIONS PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.1,00,00,000
15-OCT-2020
|
|
|
15
|
|
|
SODEXO SVC INDIA PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
IMPOSED PENALTY RS.2,00,00,000
03-AUG-2020
|
|
|
16
|
|
|
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
14-SEP-2021
|
|
|
17
|
|
|
TRANSACTION ANALYSTS (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 CERTAIN DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON ISSUANCE AND OPERATION OF PPIS IN INDIA
|
IMPOSED PENALTY RS.3,00,00,000
27-AUG-2021
|
|
|
18
|
|
|
VODAFONE M-PESA LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.3,05,00,000
06-MAR-2019
|
|
|
19
|
|
|
Y-CASH SOFTWARE SOLUTIONS PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.5,00,000
22-FEB-2019
|
|
|
20
|
|
|
YES BANK LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.11,25,000
22-APR-2019
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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