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      Question

      What was the amount of penalty imposed on Manappuram

      Finance by the RBI?
      A ₹10 lakh Correct Answer Incorrect Answer
      B ₹15 lakh Correct Answer Incorrect Answer
      C ₹20 lakh Correct Answer Incorrect Answer
      D ₹25 lakh Correct Answer Incorrect Answer
      E ₹27.3 lakh Correct Answer Incorrect Answer

      Solution

      The RBI imposed a ₹20 lakh penalty on Manappuram Finance for non-compliance with regulatory norms, specifically for failing to conduct PAN verification and issuing multiple identification codes instead of a Unique Customer Identification Code.

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