Banking Exams General & Banking Awareness — Question 1383
Question
What is the minimum debt amount for which a bank can file a recovery application before a Debt Recovery Tribunal (DRT)?
- ₹10 lakh
- ₹1 crore
- ₹50 lakh
- ₹20 lakh
Correct answer
D — ₹20 lakh
Explanation (English)
Banks can approach the DRT for recovery of debts of ₹20 lakh and above.
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