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What was the penalty imposed on the recent NBFCs (Ashirwad, Arohan, Navi, DMI) in October?
Question

What was the penalty imposed on the recent NBFCs (Ashirwad, Arohan, Navi, DMI) in October?

A.

₹2 Crore each

B.

₹5 Crore total

C.

₹10 Crore combined

D.

Various penalties on individual entities

Correct option is D

Penalties were imposed individually on Navi Finserv, Asirvad Microfinance, Arohan Financial Services, and DMI Finance.

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