Question

    How much monetary penalty did RBI impose on RAR Fincare Limited, Chennai for non-compliance with its directions?

    A ₹10,000 Correct Answer Incorrect Answer
    B ₹25,000 Correct Answer Incorrect Answer
    C ₹50,000 Correct Answer Incorrect Answer
    D ₹1 lakh Correct Answer Incorrect Answer
    E ₹2 lakh Correct Answer Incorrect Answer

    Solution

    RBI imposed a penalty of ₹25,000 on RAR Fincare Limited, Chennai for non-compliance with its directions regarding management changes in NBFCs.

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