Question

DRT stands for:

Q: DRT stands for:

TheDebtsRecoveryTribunalsDRTsandDebtsRecoveryAppellateTribunalDRATswereestablishedundertheRecoveryofDebtsDuetoBanksandFinancialInstitutionsActRDDBFIAct1993withthespecificobjectiveofprovidingexpeditiousadjudicationandrecoveryofdebtsduetoBanksandFinancialInstitutionPresently38DRTsand5DRATsarefunctioninginIndia

A 1) Debt Recovery Tribunal Correct Answer Incorrect Answer

B 2) Disaster Recovery Tribunal Correct Answer Incorrect Answer

C 3) Debt Reconstruction Tribunal Correct Answer Incorrect Answer

D 4) Digital Recognition Technology Correct Answer Incorrect Answer

E 5) Digital Recreation Technology Correct Answer Incorrect Answer

Solution

The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunal (DRATs) were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993 with the specific objective of providing expeditious adjudication and recovery of debts due to Banks and Financial Institution. Presently 38 DRT's and 5 DRAT's are functioning in India.

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RBI Grade B

Question

DRT stands for:

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