Question

A corporate borrower has an NPA loan of ₹12 lakh overdue for 45 days. Can the bank initiate SARFAESI?

A Yes, as loan ≥ ₹10 lakh
B No, until NPA is 90 days
C Yes, after 45 days overdue
D No, only if overdue > ₹15 lakh
E Yes immediately
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