On October 17, 2024, the RBI imposed a ₹50,000 penalty on Family Home Finance Pvt. Ltd., Mumbai, for non-compliance with KYC directions. Under which act was this penalty imposed?
1
Banking Regulation Act, 1949
2
National Housing Bank Act, 1987
3
Prevention of Money Laundering Act, 2002
4
Companies Act, 2013
5
Financial Institutions Act, 2005