Question

    The Financial Intelligence Unit-India (FIU) levied a

    penalty on Paytm Payments Bank for alleged violations under the Prevention of Money Laundering Act (PMLA). What was the amount of the penalty?
    A Rs 5.49 crore Correct Answer Incorrect Answer
    B Rs 4.75 crore Correct Answer Incorrect Answer
    C Rs 6.25 crore Correct Answer Incorrect Answer
    D Rs 7.10 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The FIU imposed a penalty of Rs 5.49 crore on Paytm Payments Bank in connection with alleged violations under the Prevention of Money Laundering Act (PMLA).

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