Rbi Updates News

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RBI strengthens penalty rules under payment systems law

Earlier, the RBI was empowered to impose a penalty not exceeding Rs 5 lakh....

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RBI slaps Rs 2.5 crore fine on L&T Finance Ltd for non-compliance

The RBI has issued a formal show-cause notice to L&T, prompting the company to justify its non-compliance with established rules and regulations....

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