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Question

Under the SARFAESI Act, 2002, the "Secured Creditor" refers to:

A Any person or entity to whom the bank owes a financial debt

B A bank or financial institution in whose favour a security interest is created

C A creditor of a cooperative society not registered as a bank

D An entity providing an unsecured personal loan to a borrower

E Only those banks that are listed in the First Schedule of the RBI Act

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