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    Question

    In case of wilful defaulters, the bank must complete the

    identification process within:
    A 1 month Correct Answer Incorrect Answer
    B 45 days Correct Answer Incorrect Answer
    C 2 months Correct Answer Incorrect Answer
    D 90 days Correct Answer Incorrect Answer
    E 180 days Correct Answer Incorrect Answer

    Solution

    RBI mandates that banks complete the process of classifying a borrower as a wilful defaulter within 90 days of detection.

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