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    Question

    Why did the RBI impose a monetary penalty on Shriram

    Finance Ltd in July 2025? 
    A For exceeding its CRR limit Correct Answer Incorrect Answer
    B For illegal overseas lending Correct Answer Incorrect Answer
    C For offering zero-interest personal loans Correct Answer Incorrect Answer
    D For routing loan repayments through a third party Correct Answer Incorrect Answer
    E For not maintaining statutory liquidity ratio Correct Answer Incorrect Answer

    Solution

    RBI penalized Shriram Finance Ltd for violating NBFC norms by allowing loan repayments through third parties, undermining direct customer engagement and transparency. 

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