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.

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