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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 тВ╣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 тВ╣5,00,000 by RBI for not obtaining two independent valuation reports before sanctioning loans of тВ╣75 lakh and above, as per the National Housing Bank Act, 1987.

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