Question
Which among the following companies was recently fined
by RBI for failing to obtain two independent valuation reports before sanctioning loans of ₹75 lakh and above?Solution
Godrej Housing Finance was fined ₹5,00,000 by RBI for not obtaining two independent valuation reports before sanctioning loans of ₹75 lakh and above, as per the National Housing Bank Act, 1987.
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Assumption I: A...
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