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    Question

    As per RBI guidelines, credit information reports of

    borrowers should be sourced from Credit Bureaus before:
    A Issuance of any ATM card Correct Answer Incorrect Answer
    B Approving loans above ₹5 lakh Correct Answer Incorrect Answer
    C Granting any fresh exposure Correct Answer Incorrect Answer
    D Registering GST returns Correct Answer Incorrect Answer
    E Filing tax audit reports Correct Answer Incorrect Answer

    Solution

    RBI mandates that banks obtain credit reports from CICs like CIBIL before sanctioning or renewing any exposure.

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