Question
What is the minimum amount of loan outstanding of a
borrower or a guarantor who has committed wilful default , to be known as a Wilful defaulte r?Solution
wilful defaulter"  means
- i. a borrower or a guarantor who has committed wilful default and the outstanding amount is ₹25 lakh and above , or as may be notified by Reserve Bank of India from time to time, and
- ii. where the borrower or a guarantor committing the wilful default is a company, its promoters and the director (s), subject to the provisions of para 4 (1) (c) of the RBI (T reatment of Wilful Defaulters and Large Defaulters) Directions, 2024 . In case of entity (other than companies), persons who are in charge and responsible for the management of the affairs of the entity.
Select the most appropriate antonym of the given word.Â
PERSEVERANCE
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Equivocal
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