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    Question

    What is the new monetary limit for filing loan recovery

    application in the Debt Recovery Tribunals (DRT) by banks and financial institutions?
    A 50 lakh rupees Correct Answer Incorrect Answer
    B 60 lakh rupees Correct Answer Incorrect Answer
    C 10 lakh rupees Correct Answer Incorrect Answer
    D 30 lakh rupees Correct Answer Incorrect Answer
    E 20 lakh rupees Correct Answer Incorrect Answer

    Solution

    The government of India has doubled the monetary limit to 20 lakh rupees for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions. As per the Finance Ministry, the move is aimed at helping reduce pendency of cases in DRTs.

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