Module: | Deposits, Reserve Ratios & Branch Authorisation
Q262: For borrowal accounts opened using OTP-based e-KYC in non-face-to-face mode, the bank shall sanction only term loans, and the aggregate amount of such term loans shall not exceed …… in a year.
✅ Correct Answer: C
As regards borrowal accounts, the bank shall sanction only term loans.
The aggregate amount of term loans sanctioned shall not exceed ₹60,000 in a year.
The aggregate amount of term loans sanctioned shall not exceed ₹60,000 in a year.