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    Question

    Which company was fined ₹10.40 lakh by the RBI for

    violations including failing to form IT committees and improper interest rate disclosures?
    A Muthoot Vehicle & Asset Finance Ltd Correct Answer Incorrect Answer
    B Hewlett Packard Financial Services (India) Pvt Ltd Correct Answer Incorrect Answer
    C SMFG India Credit Company Ltd Correct Answer Incorrect Answer
    D Axis Bank Correct Answer Incorrect Answer
    E HDFC Ltd Correct Answer Incorrect Answer

    Solution

    SMFG India Credit Company Ltd was fined by the RBI for regulatory violations, including failure to form IT committees and improper interest rate disclosures.

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