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RBI Orders Myntra to Pay ₹2.88 Lakh for FEMA Violations — India Verified

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RBI Orders Myntra to Pay ₹2.88 Lakh for FEMA Violations

Business4 June 2026 at 06:47 pmQuick read

RBI Orders Myntra to Pay ₹2.88 Lakh for FEMA Violations

Credibility score80 / 100

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2sources verified

RBI issued an order for Myntra Designs. The order involves a ₹2.88 lakh payment. ED gave no objection.

AI Credibility Analysis

The score falls in the 70-89 band as it is based on a single named source, The Hindu Business, with some specific details like the payment amount and involvement of the ED, but lacks multiple authoritative sources for full verification.

Original Sources

The Hindu
The Economic Times

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RBI Orders Myntra to Pay ₹2.88 Lakh for FEMA Violations

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