Case Brief
The Reserve Bank of India has imposed a monetary penalty on Oxigen Services (India) Private Limited under Section 30 of the Payment and Settlement Systems Act, 2007. The company is identified as a Prepaid Payment Instrument (PPI) issuer. The excerpt states that the penalty was for non-compliance with regulatory guidelines, but it does not provide the amount or the specific violations.
Action Snapshot
- Primary Impact
- Monetary penalty
- Entity Type
- Payment entity
- Action Type
- Monetary penalty
- Order Date