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    • Question

      Which company was fined ₹10.40 lakh by the RBI for

      violations including failing to form IT committees and improper interest rate disclosures?
      A Muthoot Vehicle & Asset Finance Ltd Correct Answer Incorrect Answer
      B Hewlett Packard Financial Services (India) Pvt Ltd Correct Answer Incorrect Answer
      C SMFG India Credit Company Ltd Correct Answer Incorrect Answer
      D Axis Bank Correct Answer Incorrect Answer
      E HDFC Ltd Correct Answer Incorrect Answer

      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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