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      Question

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

      Asirvad, Arohan) in October 2024?
      A β‚Ή5 Crore Correct Answer Incorrect Answer
      B β‚Ή7 Crore Correct Answer Incorrect Answer
      C β‚Ή10 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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