............"If the director, in the course of any inquiry, finds that a reporting entity or its designated director on the Board or any of its employees has failed to comply with the obligations... He may by an order, levy a fine on such reporting entity or its designated director on the Board or any of its employees, which shall not be less than Rs 10,000 but may extend to Rs 1 lakh for each failure," RBI said in a notification today...........
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