📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      The Housing and Urban Development Corporation (HUDCO)

      was fined by RBI for not doing which of the following?
      A Disbursing loans without collateral Correct Answer Incorrect Answer
      B Failing to undertake risk categorization of customers Correct Answer Incorrect Answer
      C Not registering under the NHB Act Correct Answer Incorrect Answer
      D Charging excessive interest rates Correct Answer Incorrect Answer
      E Not following KYC norms Correct Answer Incorrect Answer

      Solution

      HUDCO was fined ₹3,50,000 by RBI for failing to categorize customers based on risk and not creating a floating charge on its assets.

      Practice Next

      Relevant for Exams:

      ask-question