Category: Business

RBI fines Ola Fin Services

The Reserve Bank of India (RBI) has fined Ola Financial Services Pvt Ltd Rs 1.67 crore for failing to comply with Know Your Customer (KYC) guidelines. The fine was also imposed because the company violated certain norms set by the

PNB’s account aggregation platform goes live

The Punjab National Bank (PNB) has an integrated Account Aggregator (AA) platform to help clients digitally access information from a financial institution and share it with other regulated such entities. The AA system helps banks leverage data that has been