RBI Fines Mobikwik Rs 9 Lakh Over PPI Violations, Fraud Delays

RBI penalty on Mobikwik amounts to Rs 9 lakh for prepaid payment instrument violations and delayed fraud reporting, following a regulatory inspectionThe Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 9 lakh on One Mobikwik Systems Limited for non-compliance with regulatory directi…