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    • 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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