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The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
Chakraborty will oversee the Foreign Exchange Department as well as the Financial Markets Regulation Department.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
The latest action is part of the RBI’s ongoing efforts to strengthen oversight of the NBFC sector.
A majority of the affected entities were registered in West Bengal and Delhi.
The central bank has also directed Maharashtra’s Registrar of Cooperative Societies to begin the bank’s liquidation process and appoint a liquidator.
However, there is scope for filing the application for the universal bank again.
The RBI has invited public feedback on the proposal until early May.
The fine was issued under the provisions of section 30(1) read with section 26(6) of the Payment and Settlement Systems Act, 2007.
With this, Cred now holds multiple regulatory licenses across payments, lending, insurance, and investments.
This authorization empowers EximPe to facilitate international businesses in accepting payments from Indian consumers using UPI and various domestic payment channels.
The RBI has also proposed to let certain NBFCs open more than 1,000 branches without seeking the central bank's permission.
The penalty stems from Paytm's purchase of e-commerce firm Little Internet nearly eight years ago.
Payoneer's platform currently serves clients across more than 190 countries and territories.
Last year, Skydo raised $10 million in a Series A funding led by Susquehanna Asia Venture Capital.
Tax officials highlighted several challenges in regulating these digital assets during discussions with the parliamentary standing committee on finance.
This comes after Paytm received the central bank's final approval to operate as a payment aggregator last month.
The new NBFC license enhances CredFlow's existing lending operations, which is projected to hit Rs 100 crore in assets under management this year.
The central bank has taken this step as it wants to have clarity on the data-sharing rules followed in this partnership.
The license permits Razorpay to enable both inward and outward cross-border payments for businesses.
