Question

    What is the penalty imposed on NBFCs (e.g., Navi,

    Asirvad, Arohan) in October 2024?
    A ₹5 Crore Correct Answer Incorrect Answer
    B ₹7 Crore Correct Answer Incorrect Answer
    C ₹10 Crore Correct Answer Incorrect Answer
    D Financial penalties were imposed; specific amounts vary per entity. Correct Answer Incorrect Answer
    E No penalty was imposed Correct Answer Incorrect Answer

    Solution

    Explanation: RBI imposed financial penalties on several NBFCs, including Navi, Asirvad, and Arohan, in October 2024 for non-compliance with regulatory norms, though the penalty amounts varied for each entity.

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