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    Question

    Recently RBI fined Rs 1.67 crore on which of the

    financial company for not complying with its directions on prepaid payment instruments?
    A Muthoot Finance Correct Answer Incorrect Answer
    B Mannapuram Finance Correct Answer Incorrect Answer
    C Ola Finance Correct Answer Incorrect Answer
    D Axis Finance Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) fined Ola Financial Services Rs 1.67 crore for not complying with its directions on prepaid payment instruments. The company is a unit of the ride-hailing platform, Ola. Ola Financial Services was found to be non-compliant with the directions issued by RBI on Know Your Customer (KYC) requirements. Muthoot Finance Founded- 1939 Headquarters - Kochi, Kerala, India Chairman - M. G. George Muthoot Mannapuram Finance CEO - V.P. Nandakumar Ola chief financial officer - G.R. Arun Kumar Axis Bank CEO - Amitabh Chaudhry

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