What does the bank do, if a borrower is not able to pay back his loan?
A. Incur loss and let go off the borrower
B. Uses the security to recover the dues.
C. Files a police complain
D. Includes RBI in the loop
Answer:B
What does the bank do, if a borrower is not able to pay back his loan?
A. Incur loss and let go off the borrower B. Uses the security to recover the dues. C. Files a police complain D. Includes RBI in the loop