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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 ₹75 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 ₹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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