New Delhi : The Reserve Bank of India (RBI) has imposed a monetary penalty of thirty-nine lakh rupees on Citibank N.A. for non-compliance with certain provisions related to the Large Exposures Framework (LEF) and Furnishing of Credit Information to Credit Information Companies (CICs). The penalty was levied under the Banking Regulation Act, 1949, following an […]
The Impressive Times
New Delhi : Meta Platforms and WhatsApp have filed an appeal against the Rs 213.14 crore penalty imposed on them by the Competition Commission of India (CCI) for alleged abuse of market dominance. The penalty stems from the controversy surrounding WhatsApp’s 2021 privacy policy update, which the CCI argued involved unfair business practices. The National […]
The Impressive Times
