Banking · Wilful Defaulter Classification
A 'Wilful Defaulter' is a borrower who defaults on payment obligations despite having the capacity to pay. Who has the authority to identify and classify a borrower as a 'Wilful Defaulter'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The National Company Law Tribunal
- 2An Identification Committee and Review Committee of the Bank✓
- 3The Ministry of Finance
- 4The Central Bureau of Investigation
Correct answer
An Identification Committee and Review Committee of the Bank
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