Tag Archives: regulator

RBI fines Bajaj Finance for use of coercive means of recovery

RBI concluded that the charge of non-compliance with the instructions was substantiated and justified the imposition of a monetary penalty. The Reserve Bank of India (RBI) on Tuesday imposed a monetary sanction of Rs 2.50 million on Bajaj Finance for using coercive recovery methods from its borrowers and for violating …

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CCI seeks investigation into accusations against Google for Play Billing, pre-installation of Google Pay on Android phones

India’s antitrust regulator launched an investigation against Google for allegedly abusing its dominant position to force app makers to exclusively use its billing system for in-app purchases and for bundling the search giant’s payments app. with Android smartphones sold domestically. While the Competition Commission of India (ITC) received complaints against …

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