MoneyWorks4Me

RBI imposes Rs 2 crore penalty on Tata Communications’ arm

25 Nov 2021 Evaluate

The Reserve Bank of India (RBI) has imposed penalty on Tata Communications Payment Solutions (TCPSL), a wholly owned subsidiary of Tata Communications, for deficiencies in regulatory compliance. A penalty of Rs 2 crore has been imposed on TCPSL. The penalty was for non-compliant with the directions issued by RBI on White Label ATM deployment targets and net-worth requirement.

Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.

Peers
Company Name CMP
Bharti Airtel 1881.05
Vodafone Idea 11.33
Indus Towers 382.00
Tata Communications 1665.65
Railtel Corp. India 230.00
View more..