Question

Rishi Thakur was born on 5th June, 1957. He has obtained a recommendation letter from the Panchayat Pradhan. He has eight acres of cultivable land and pledge collateral of Rs. 8 lakhs in addition to his fixed deposit of Rs. 6 lakhs. He has an outstanding loan of Rs. 4 lakhs.

• A. If the advance is not to be granted
• B. If the case is to be referred to the General Manager of the bank
• C. If the advance is to be granted
• D. If the case is to be referred to the Chairman of the bank

Answer 1

Answer: (B)

If the case is to be referred to the General Manager of the bank

Since has outstanding unpaid loan from the bank, has Fixed Deposits of at least Rs. 4 lakhs with the bank, the case is to be referred to the General Manager of the bank.