Consider the following statements regarding the penalties imposed by the Reserve Bank of India (RBI) in February 2025:
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Nainital Bank was fined Rs 61.40 lakh for failing to comply with ‘Interest Rate on Advances’ and ‘Customer Service in Banks’ guidelines.
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Ujjivan Small Finance Bank was fined Rs 6.70 lakh for noncompliance with directions related to ‘Loans and Advances – Statutory and Other Restrictions.’
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Shriram Finance was fined Rs 5.80 lakh for not adhering to the KYC guidelines and credit information reporting requirements.
Which of the above statements is/are correct?
1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
All 1, 2, and 3.
5
None of the above