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    Question

    What is the minimum threshold of debt for a bank to

    initiate recovery proceedings under the Recovery of Debts and Bankruptcy (DRT) Act? 
    A ₹1 Lakh Correct Answer Incorrect Answer
    B ₹10 Lakh Correct Answer Incorrect Answer
    C ₹20 Lakh Correct Answer Incorrect Answer
    D ₹50 Lakh Correct Answer Incorrect Answer
    E ₹1 Crore Correct Answer Incorrect Answer

    Solution

    The Central Government increased the limit for filing cases in Debt Recovery Tribunals (DRT) from ₹10 lakh to ₹20 lakh to reduce the burden on these tribunals.

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