The Reserve Bank of India has taken a firm stance against Cashfree Payments India Private Ltd. by imposing a Rs 3.1 lakh penalty. This decision follows a comprehensive statutory inspection that identified serious breaches of RBI regulations.
Mumbai: The Reserve Bank on Monday slapped a Rs 3.1 lakh penalty on the payment aggregator Cashfree Payments India Private Ltd for non-compliance with its directions.The RBI found that Cashfree made … [+1043 chars]
