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      Question

      What penalty did the RBI impose on Fino Payments Bank

      for non-compliance with licensing norms? 
      A ₹10.2 lakh Correct Answer Incorrect Answer
      B ₹18.5 lakh Correct Answer Incorrect Answer
      C ₹29.6 lakh Correct Answer Incorrect Answer
      D ₹31.1 lakh Correct Answer Incorrect Answer
      E ₹25.0 lakh Correct Answer Incorrect Answer

      Solution

      RBI fined Fino Payments Bank ₹29.6 lakh for exceeding end-of-day balance limits in customer accounts, violating payments bank licensing norms. 

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