RBI Imposes Monetary Penalty on Manappuram Finance for KMP Guideline Violations
The penalty was issued due to the firm's failure to adhere to the Key Managerial Personnel (KMP) compensation guidelines.
A statutory inspection based on the company's March 31, 2025, financial status revealed missing elements such as malus provisions, clawback mechanisms, and deferral of pay.
The enforcement action highlights the regulator's focus on ensuring that non-banking financial companies maintain robust governance and compensation structures to mitigate risk.
Key Facts / Static GK
RBI Governor: Shaktikanta Das
Manappuram Finance HQ: Thrissur, Kerala
Q Practice Quiz — 18 March 2026
1. What is the total amount of penalty imposed by the RBI on Manappuram Finance for violating KMP compensation guidelines?
Explanation: The RBI imposed a monetary penalty of ₹2.70 lakh on Manappuram Finance for non-compliance with Key Managerial Personnel (KMP) compensation guidelines regarding pay deferral, malus, and clawback provisions.
2. Regarding the World Bank's Clean Air programs for UP and Haryana, which of the following statements is correct?
Explanation: As part of the Haryana Clean Air Project, the state government has set up ARJUN (a Special Purpose Vehicle) for coordination and monitoring. Statement A is wrong (UP got $299.66m), C is wrong (Haryana tenure is longer), and D is wrong (Additional support from UK and Switzerland exists).
3. The ₹100-crore Integrated Aqua Park launched by the Union Minister is located in which district of Jammu and Kashmir?
Explanation: Union Minister Rajiv Ranjan Singh launched the ₹100 crore Integrated Aqua Park in Anantnag, Jammu and Kashmir, during the NCCWF conference.
4. Which of the following is NOT one of the six metro cities included in the Phase 1 launch of the '24 Speed Post' service?
Explanation: The six metro cities covered in Phase 1 are New Delhi, Mumbai, Chennai, Kolkata, Bengaluru, and Hyderabad. Pune is not part of this list.
5. What is the primary export target set for the newly launched Special Economic Zone (SEZ) IT Park in Puducherry?
Explanation: The SEZ IT Park in Puducherry has been established with a specific export target of ₹10,000 crore.
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