Penalty imposed on Hewlett-Packard Financial Services (India) Private Ltd

Current Context: The Reserve Bank of India (RBI) has imposed a monetary penalty on Hewlett-Packard Financial Services (India) Private Ltd.

• The penalty of Rs 6 lakh is imposed on Hewlett-Packard Financial Services (India) Private Ltd for not following certain norms directed to it.
• RBI conducted a statutory inspection of the company by considering its finance reference position as of 31st March 2019.
• The entity was found non-compliance with the statutory directions on submission of credit information to CRILC (Central Repository of Information on Large Credits) and submission of credit data to credit information companies (CICs).
• The penalty was imposed on the basis of powers mentioned in the Reserve Bank of India Act, 1934 and the Credit Information Companies (Regulation) Act, 2005.
• Static Part: 
• HQ of Hewlett-Packard Financial Services (India) Private Ltd: Bangalore

Question: 

Q.1 What amount of penalty was imposed by RBI on Hewlett-Packard Financial Services (India) Private Ltd which was found non-compliance with the statutory directions on submission of credit information to CRILC and submission of credit data to credit information companies (CICs)?
a. Rs 8 lakh
b. Rs 7 lakh
c. Rs 6 lakh
d. Rs 5 lakh