RBI fines Amazon Pay (India) Rs 3.06 crore for breaching norms

"The company was found to have failed to comply with guidance issued by RBI on KYC requirements," RBI said in a statement. RBI had issued a notice to Amazon Pay (India) advising Amazon Pay (India) to provide reasons why it should not be penalized for non-compliance with the instructions. 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RBI fines Amazon Pay (India) Rs 3.06 crore for breaching norms

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