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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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