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What amount of penalty was imposed by RBI on Hewlett-Packard Financial Services (India) Private Ltd which was found non-compliance with the statutory directions on submission of credit information to CRILC and submission of credit data to credit information companies (CICs)?
A)
Rs 6 lakh
B)
Rs 8 lakh
C)
Rs 11 lakh
D)
Rs 15 lakh

Correct Answer :   Rs 6 lakh


The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹6 lakh on Bengaluru-based Hewlett-Packard Financial Services (India) Private Ltd.
 
RBI, in a statement, said the statutory inspection of the company, concerning its financial position as on March 31, 2019, revealed, inter alia, non-compliance with the statutory directions on (i) submission of credit information to Central Repository of Information on Large Credits and (ii) submission of credit data to Credit Information Companies.

Published On : August 6, 2021
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