✓ Primary source confirmed
Sectoral Regulators
Manappuram Finance Limited; Ola Financial Services Pvt. Ltd.; Visa Worldwide Pte. Limited — Reserve Bank of India
Non‑compliance with KYC and regulatory guidelines · 2024-08-01
Key facts
- Authority
- Reserve Bank of India
- Date
- 2024-08-01
- Sector
- Fintech
- Legal provision
- N/A
- Penalty
- ₹41.5 Lakh, ₹87.55 Lakh, ₹24.074 Lakh
- Outcome
- Fine Imposed
- Violation
- Non‑compliance with KYC and regulatory guidelines
What happened
The RBI imposed monetary penalties on three payment system operators for violations of KYC and other regulatory guidelines under the Payment and Settlement Systems Act. Notices were issued, show‑cause hearings held, and fines of ₹41.5 Lakh, ₹87.55 Lakh and ₹24.074 Lakh were levied.
Sources & provenance
An official document from the issuing authority has been retrieved and its key details match this entry.
- ✓ rbi.org.in official
- • zigram.tech
Related enforcement actions
← All enforcement actions
Record ID: AUTO-2026-773AF5 · updated 2026-09-20