FIS India, a subsidiary of Florida-headquartered FIS Global, has been fined Rs 12 crore

FIS India, a branch of FIS Group based in Florida, has been fined Rs 12 crore by Bank of India for reportedly flouting the terms of operation of the control of ATMs, three sources reported to ET.

Furthermore, the bank is not supposed to renew its agreements with FIS for the next 10 year...