BANKING & FINANCE
RBI
RBI penalizes Hero FinCorp for violating Fair Practices Code.
RBI imposed monetary penalty on Hero FinCorp Limited.
Penalty for non-compliance with "Fair Practices Code for Lenders."
Specifically on "Charging of Interest" directions.
The penalty imposed was ₹10 lakh.
🎯 Key Point: RBI fined Hero FinCorp ₹10 lakh for interest charging norms violation.
Penalty for non-compliance with "Fair Practices Code for Lenders."
Specifically on "Charging of Interest" directions.
The penalty imposed was ₹10 lakh.
🎯 Key Point: RBI fined Hero FinCorp ₹10 lakh for interest charging norms violation.
Key Facts / Static GK
Hero FinCorp Founded: 1991
Hero FinCorp HQ: Gurugram
FPC Full Form: Fair Practices Code
Hero FinCorp HQ: Gurugram
FPC Full Form: Fair Practices Code
Practice Quiz — 2 October 2026
Q1. Who has been approved by RBI as the next MD & CEO of Kotak Mahindra Bank for a three-year term starting January 1, 2027?
Answer: (C) Anup Kumar Saha — The RBI has approved Anup Kumar Saha's appointment as MD & CEO of Kotak Mahindra Bank for a three-year term, effective January 1, 2027. He will succeed Ashok Vaswani.
Q2. Who has been approved by RBI as the Managing Director & Chief Executive Officer of HDFC Bank for a three-year term?
Answer: (C) Anup Bagchi — The RBI has approved the appointment of Anup Bagchi as the Managing Director & Chief Executive Officer of HDFC Bank for a three-year term. He will succeed Sashidhar Jagdishan.
Q3. Who has been named as the new brand ambassador for Hyundai Motor India Limited?
Answer: (B) Sheetal Devi — Hyundai Motor India Limited has appointed World No. 1 Para Archer and Arjuna Awardee Sheetal Devi as its new brand ambassador.
Q4. Which state recently announced plans to develop a world-class Olympic City and a separate Motor Sports City?
Answer: (D) Tamil Nadu — Tamil Nadu Chief Minister C. Joseph Vijay announced that the State will develop a world-class Tamil Nadu Olympic City in Chennai and a separate Motor Sports City.
Q5. What is the total outlay approved by the Union Cabinet for the Green Energy Corridor Phase-III scheme?
Answer: (D) ₹1,86,405 crore — The Union Cabinet approved the Green Energy Corridor Phase-III scheme with a total outlay of ₹1,86,405 crore, to be completed by Financial Year 2032-33.
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