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RBI Slaps Rs 1.67 Crore Penalty On Ola Subsidiary For Non-Compliance
12 Jul 2022, 05:57 PM IST 
Ola Financial Services Private Limited is a subsidiary of ride-hailing app Ola.
The Reserve Bank on Tuesday imposed a penalty of over Rs 1.67 crore on Ola Financial Services for non-compliance with certain provisions related to pre-paid payment instruments and Know Your Customer norms.
