https://www.taxtmi.com/article/detailed?id=12851 Reserve Bank of India may impose administrative sanctions under the statutes and circulars it administers for regulatory breaches, including fines, penal interest, and late submission fees for failures such as non maintenance of reserves, prohibited deposit acceptance, delayed regulatory reporting, false information submissions, unlawful access to credit data, and non compliance with payment systems or asset reconstruction directions. Separately, RBI may recover contractual penalties from third party vendors for non performance or under performance under service agreements. en-us Tue, 13 Aug 2024 10:02:40 +0530 Tue, 13 Aug 2024 10:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12851 Reserve Bank of India may impose administrative sanctions under the statutes and circulars it administers for regulatory breaches, including fines, penal interest, and late submission fees for failures such as non maintenance of reserves, prohibited deposit acceptance, delayed regulatory reporting, false information submissions, unlawful access to credit data, and non compliance with payment systems or asset reconstruction directions. Separately, RBI may recover contractual penalties from third party vendors for non performance or under performance under service agreements. Articles Other Topics Tue, 13 Aug 2024 10:02:40 +0530 https://www.taxtmi.com/article/detailed?id=12851