Reserve Bank of India — Press releases·· 3 hours agoAI score38
Reserve Bank of India imposes a ₹9.00 lakh fine on One Mobikwik Systems Limited
Reserve Bank of India imposes monetary penalty on One Mobikwik Systems Limited
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Reserve Bank of India imposed a ₹9.00 lakh fine on One Mobikwik Systems Limited for violating regulations related to prepaid payment instruments (PPIs) and fraud reporting. The violations included allowing some PPI holders to transfer funds to beneficiaries who had not been pre-registered, and failing to report some fraud incidents within the prescribed timeframe. The inspection covered the company’s operations from June 2025 to March 2026.
Source:Reserve Bank of India — Press releases · rbi.org.in