Current Affairs · Banking Sector Regulations
Consider the following statements regarding the regulatory penalties imposed by the Reserve Bank of India (RBI) in July 2025: 1. HDFC Bank was penalized Rs. 4.88 lakh for non-compliance with Foreign Direct Investment (FDI) regulations under the Foreign Exchange Management Act (FEMA), 1999. 2. Shriram Finance was fined Rs. 2.70 lakh for breaching the RBI's Digital Lending Directions. 3. Both HDFC Bank and Shriram Finance were penalized for violations strictly related to Foreign Exchange Management Act (FEMA) regulations. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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1 and 2 only
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