Question
Which company was fined ₹10.40 lakh by the RBI for
violations including failing to form IT committees and improper interest rate disclosures?Solution
Hewlett Packard Financial Services (India) Pvt Ltd was fined ₹10.40 lakh by the RBI for non-compliance with directives, including failing to form IT committees, improper KYC compliance, and not disclosing interest rates properly.
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