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      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?
      A Rs.10 lakh Correct Answer Incorrect Answer
      B Rs.25 lakh Correct Answer Incorrect Answer
      C Rs.35 lakh Correct Answer Incorrect Answer
      D Rs.40 lakh Correct Answer Incorrect Answer
      E Rs. 50 lakh Correct Answer Incorrect Answer

      Solution

      wilful defaulter"  means

      1. 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
      1. 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.

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