Case Brief
The Reserve Bank of India imposed monetary penalties on ZipCash Card Services Pvt. Ltd. and Yes Bank Limited under Section 30 of the Payment and Settlement Systems Act, 2007. The release states that the action was for non-compliance with regulatory guidelines applicable to PPI issuers, but the excerpt provided does not include the separate penalty amounts or the detailed factual findings for each entity.
Action Snapshot
- Primary Impact
- Monetary penalty
- Entity Type
- Payment entity
- Action Type
- Monetary penalty
- Order Date