Reserve Bank of India imposes monetary penalty on Ola Financial Services Private Limited

T1Covered by 1 source · first reported by RBI press releases (India) at 24 Sept, 12:11 UTC

The Reserve Bank of India (RBI) has, by an order dated September 24, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three lakh ten thousand only) on Ola Financial Services Private Limited (the company) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’…

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Sources

• T1Reserve Bank of India imposes monetary penalty on Ola Financial Services Private LimitedRBI press releases (India)24 Sept, 12:11