New Enroll in RBI Grade B New Batch - Starts on May 21

    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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