Question

    Which of the following NBFCs was ordered by RBI to stop lending due to regulatory violations recently (Oct 2024)?

    A Bajaj Finance Ltd. Correct Answer Incorrect Answer
    B Asirvad Micro Finance Ltd. Correct Answer Incorrect Answer
    C Tata Capital Ltd. Correct Answer Incorrect Answer
    D Muthoot Finance Ltd. Correct Answer Incorrect Answer
    E Reliance Capital Ltd. Correct Answer Incorrect Answer

    Solution

    RBI ordered Asirvad Micro Finance Ltd., along with three other NBFCs, to cease lending due to issues with usurious pricing and regulatory violations.

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