March 9, 2018 / 12:13 PM / 7 months ago

BRIEF-RBI Imposes Monetary Penalty Of 50 Mln Rupees On Airtel Payments Bank

March 9 (Reuters) - Reserve Bank of India :

* IMPOSED, ON MARCH 07, 2018, A MONETARY PENALTY OF 50 MILLION RUPEES ON AIRTEL PAYMENTS BANK LIMITED

* MONETARY PENALTY FOR CONTRAVENING THE OPERATING GUIDELINES FOR PAYMENTS BANKS AND DIRECTIONS ISSUED BY RBI ON KYC NORMS Source text - bit.ly/2G8FCY3 Further company coverage:

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