Module: | Priority Sector, Consumer Protection & Digital Lending
Q158: Under the Reserve Bank of India (Treatment of Wilful Defaulters and Large Defaulters) Directions, a "large defaulter" must have an outstanding amount of at least ₹1 crore.
✅ Correct Answer: C
A "large defaulter" has an outstanding amount of ₹1 crore and above.
A suit must have been filed.
Alternatively, the account is classified as doubtful or loss.
A suit must have been filed.
Alternatively, the account is classified as doubtful or loss.