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      Question

      Which among the following companies was recently fined

      by RBI for failing to obtain two independent valuation reports before sanctioning loans of β‚Ή75 lakh and above?
      A Aadhar Housing Finance Correct Answer Incorrect Answer
      B Housing and Urban Development Corporation Correct Answer Incorrect Answer
      C Godrej Housing Finance Correct Answer Incorrect Answer
      D Paysharp Correct Answer Incorrect Answer
      E Kotak General Insurance Correct Answer Incorrect Answer

      Solution

      Godrej Housing Finance was fined β‚Ή5,00,000 by RBI for not obtaining two independent valuation reports before sanctioning loans of β‚Ή75 lakh and above, as per the National Housing Bank Act, 1987.

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