Question

Why did the RBI impose a monetary penalty on Shriram

Q: Answer-Why did the RBI impose a monetary penalty on Shriram Finance Ltd in July 2025?

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

Finance Ltd in July 2025?

A For exceeding its CRR limit

B For illegal overseas lending

C For offering zero-interest personal loans

D For routing loan repayments through a third party

E For not maintaining statutory liquidity ratio

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Why did the RBI impose a monetary penalty on Shriram

Solution