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    Question

    What was the reason for RBI imposing a ₹5,00,000 fine

    on Aadhar Housing Finance?
    A Violating loan disbursement procedures Correct Answer Incorrect Answer
    B Failing to create a floating charge on assets Correct Answer Incorrect Answer
    C Charging interest before actual loan disbursement Correct Answer Incorrect Answer
    D Not categorizing customers based on risk Correct Answer Incorrect Answer
    E Not maintaining sufficient capital adequacy Correct Answer Incorrect Answer

    Solution

    Aadhar Housing Finance was fined ₹5,00,000 by RBI for charging interest before the actual disbursement of loans, violating the Fair Practices Code.

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