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      Question

      RBI imposed a penalty of Rs 1.80 lakh on Hinduja Housing

      Finance Limited under which Act? 
      A RBI Act, 1934 Correct Answer Incorrect Answer
      B Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      C National Housing Bank Act, 1987 Correct Answer Incorrect Answer
      D FEMA, 1999 Correct Answer Incorrect Answer
      E Companies Act, 2013 Correct Answer Incorrect Answer

      Solution

      A monetary penalty of Rs 1.80 lakh was imposed on Hinduja Housing Finance Ltd. under Section 52A of the National Housing Bank Act, 1987 for its failure to comply with certain directions issued by RBI relating to ‘governance’. YES Bank was penalised separately for KYC lapses.

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