The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹10 crore on HDFC Bank Limited for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949 (the Act), an order dated 27 May stated. This penalty has been imposed in exercise of powers vested in the RBI under the provisionsContinue reading “RBI imposes ₹10 crore penalty on HDFC Bank”
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WazirX Faces Flak As Users Struggle To Deposit Money In Mobikwik Wallet
Indian crypto exchange, WazirX, has come under fire on Twitter after its customers reported issues in using the exchange service. These issues stem from their recent tie-up with Mobikwik digital payments service. Users have reported that when attempting to deposit money into their WazirX wallet using Mobikwik, the payment is deducted from their Mobikwik accounts but theContinue reading “WazirX Faces Flak As Users Struggle To Deposit Money In Mobikwik Wallet”
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