The Reserve Bank of India (RBI) imposed a penalty of

Q: Answer-The Reserve Bank of India (RBI) imposed a penalty of ₹28.30 lakh on SG Finserve Ltd for which violat...

SG Finserve Ltd was penalized for violating the conditions of its Certificate of Registration CoR, including accepting public funds and improper loan extensions.

₹28.30 lakh on SG Finserve Ltd for which violation?

A Not adhering to Priority Sector Lending norms

B Extending loans beyond approved limits

C Non-compliance with conditions of its Certificate of Registration (CoR)

D Failing to maintain adequate reserves

E Delayed submission of financial statements

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The Reserve Bank of India (RBI) imposed a penalty of

Solution