https://www.taxtmi.com/news?id=17756 NPCI is authorised under the Payment and Settlement Systems Act, 2007 to operate specified retail and clearing payment systems and to affiliate card issuers; authorised operators must follow RBI-prescribed operational and technical standards, submit prescribed information and are subject to off-site and on-site supervision. RBI may revoke authorisation, impose penalties and initiate prosecution for violations of the Act, its regulations, directions or terms of authorisation. en-us Sat, 01 Apr 2017 11:36:28 +0530 Sat, 01 Apr 2017 11:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17756 NPCI is authorised under the Payment and Settlement Systems Act, 2007 to operate specified retail and clearing payment systems and to affiliate card issuers; authorised operators must follow RBI-prescribed operational and technical standards, submit prescribed information and are subject to off-site and on-site supervision. RBI may revoke authorisation, impose penalties and initiate prosecution for violations of the Act, its regulations, directions or terms of authorisation. News - Sat, 01 Apr 2017 11:36:28 +0530 https://www.taxtmi.com/news?id=17756