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Under new RBI rules, banks can file for insolvency against defaulters with a default amount of ₹_______ crore?

1. 1,000
2. 1,500
3. 2,000
4. 2,500

Correct answer: 2,000

Solution

Under RBI's revised guidelines for stressed asset resolution, banks were directed to file insolvency petitions under the Insolvency and Bankruptcy Code (IBC) against borrowers with outstanding of ₹2,000 crore or more.

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