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      Question

      What does ‘R’ in CRILC stand for?

                                 
      A Regulation Correct Answer Incorrect Answer
      B Real estate Correct Answer Incorrect Answer
      C Repository Correct Answer Incorrect Answer
      D Reserve Correct Answer Incorrect Answer
      E Return Correct Answer Incorrect Answer

      Solution

      RBI has constituted a Central Repository of Information on Large Credits (CRILC) to collect, store, and publish data on all borrowers’ credit exposures. Banks/Financial Institutions are expected to report findings to CRILC. Banks will have to provide credit information to CRILC about their borrowers with an aggregate fund-based and non-fund based exposure of and over Rs.5 Crores

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