Question

RBI has imposed ______ cr Monetary Penalty on the Spandana Sphoorty Financial due to its failure to adhere to the pricing of credit guidelines for NBFCs.

A ₹2.33 Correct Answer Incorrect Answer
B ₹1.33 Correct Answer Incorrect Answer
C ₹2.69 Correct Answer Incorrect Answer
D ₹2.70 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Due to non compliance of NBFC norms the RBI imposed a penalty of ₹2.33 crore. 

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