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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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