Banking & Finance MCQs - 2026-06-10

For all borrower accounts with aggregate exposure of ₹5 crore and above, lenders are required to undertake a mandatory review within 30 days from the date of default, known as the 'Review Period'.

The RBI's framework emphasizes the Inter-Creditor Agreement (ICA) for resolution of stressed assets involving multiple lenders, ensuring a unified approach.

The primary objective of RBI's framework for stressed assets is to ensure early identification and timely resolution of stressed assets, promoting a robust credit culture.

The RBI has mandated the provision of a 'Key Fact Statement' (KFS) to the borrower before the execution of the loan contract for all digital lending products, ensuring transparency of loan terms.

The RBI mandates that loan disbursements and repayments must be executed directly between the borrower's bank account and the Regulated Entity (RE) bank account, without any pass-through or pool account of the Lending Service Provider (LSP).

The primary objective of RBI's enhanced regulatory framework for digital lending is to protect consumers from predatory practices, ensure transparency, and promote responsible lending.