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RBI slaps Rs 1.7 cr fine on Ola Financial Services for non-compliance

RBI slaps Rs 1.7 cr fine on Ola Financial Services for non-compliance

Jul 14, 2022, at 06:54 pm

Mumbai: The Reserve Bank of India (RBI) slapped a Rs 1.67 crore fine on Ola Financial Services Ltd, the financial arm of app-based ride-hailing firm Ola, for non-compliance with its prepaid payment instrument (PPI) and know-your-customer (KYC) guidelines.