Question
Recently RBI fined Rs 1.67 crore on which of the
financial company for not complying with its directions on prepaid payment instruments?Solution
The Reserve Bank of India (RBI) fined Ola Financial Services Rs 1.67 crore for not complying with its directions on prepaid payment instruments. The company is a unit of the ride-hailing platform, Ola. Ola Financial Services was found to be non-compliant with the directions issued by RBI on Know Your Customer (KYC) requirements. Muthoot Finance Founded- 1939 Headquarters - Kochi, Kerala, India Chairman - M. G. George Muthoot Mannapuram Finance CEO - V.P. Nandakumar Ola chief financial officer - G.R. Arun Kumar Axis Bank CEO - Amitabh Chaudhry
A sum of Rs.20,000 is invested partly with Bank B under scheme III and remaining with Bank D under scheme IV for 1 year. If the total interest earned is...
Farhan invested a certain amount of money 8 years ago. He put his money at the rate of 5% for the first 2 years, 7% per annum for the next 4 years and ...
The difference between total SI earned on Rs 'P' at 18% p.a. for 3 years and total CI earned on same sum at 20% p.a. for 2 years when compounded annuall...
Praveen earned an interest of Rs. 10,400 by investing a certain sum with bank C under scheme III for two years. How much interest he would have earned h...
Priyanka wants to invest Rs. 30,000 for 3 years, which of the following options would fetch her the highest amount as interest?
I) Company A unde...
Mr. Raman invested Rs. 45,000 with Bank A under the scheme II for 3 years. How much amount he will get on maturity?
A person sells an article at 10% below its cost price. Had he sold it for ₹332 more, he would have made a profit of 20%. What is the original selling ...
Suppose a man invested Rs.(4000 + 2a) in Mutual Fund 'X' for 2 years and Rs. (3200 + 6a) in scheme 'Y' for 2 years and interest gets from Mutual Fund 'X...
₹4,300 becomes ₹4,644 in 2 years at simple interest. Find the principle amount that will become ₹10,104 in 5 years at the same rate of interest.
If a sum of money becomes 4000 in 2 yrs and 5500 in 4 yrs 6 months at the same rate of simple interest per annum. Then the rate of simple interest is
Relevant for Exams:
