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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

    Hewlett Packard Financial Services (India) Pvt Ltd was fined ₹10.40 lakh by the RBI for non-compliance with directives, including failing to form IT committees, improper KYC compliance, and not disclosing interest rates properly.

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