In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on the following entities for non-compliance of regulatory guidelines. | Sr. No. | Name of the Entity | Speaking Order dated | Amount of Penalty
(₹ lakh) | | Non-bank Prepaid Payment Instrument Issuers | | 1. | Sodexo SVC India Private Limited | 03-08-2020 | 200.00 | | 2. | Muthoot Vehicle & Asset Finance Ltd. | 12-08-2020 | 34.55 | | 3. | QwikCilver Solutions Private Limited | 15-10-2020 | 100.00 | | 4. | Phonepe Private Limited | 04-11-2020 | 139.00 | | 5. | Delhi Metro Rail Corporation Limited | 13-11-2020 | 5.00 | | ATM Network Operator | | 6. | Punjab National Bank | 13-11-2020 | 100.00 | (Yogesh Dayal)
Chief General Manager Press Release: 2020-2021/672 | |