New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which entity was penalized ₹50,000 by the RBI in

    October 2024 for non-compliance with KYC regulations?
    A Bajaj Finance Correct Answer Incorrect Answer
    B Shriram Finance Correct Answer Incorrect Answer
    C Family Home Finance Pvt. Ltd. Correct Answer Incorrect Answer
    D Mahindra Finance Correct Answer Incorrect Answer
    E Muthoot Finance Correct Answer Incorrect Answer

    Solution

    Family Home Finance Pvt. Ltd. was penalized ₹50,000 by the RBI for failing to comply with KYC regulations under the National Housing Bank Act, 1987.

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