What is the DRA full form?

The full form of DRA is Debt Recovery Agent. The debt recovery sector is growing each year and there is an acute shortage of Certified DRAs in the country. The RBI has informed the Indian Banks to create in collaboration with the Indian Institute of Banking and Finance (IIBF) certification programs for the same.  DRA’s are responsible for collecting loans/advances/other debts from debtors by following certain guidelines. They work either for collection agencies or on behalf of banks. This full form of DBA is applicable to various fields such as government, finance, examination, and salary. Let’s read more about it.

What is the Use of a DRA Certificate?

In simple words, the DRA examination helps to assess candidates’ knowledge and understanding of the debt recovery process and professional code of conduct.

Who Should Write the IIBF Debt Recovery Agent (DRA) Exam?

IIBF Debt Recovery Agent examination can be undertaken by the following applicants

• Agent (Direct selling/Direct Marketing/other agents) engaged directly or indirectly for salary or commission in connection with the debt recovery or enforcement of bank securities 
• Those interested in a career as a Debt Recovery Agent 

Also Read: What is the Full Form of TPDS?

Who is Eligibile for the DRA Exam?

Now that you know what is the full form of DRA, let’s move on to the next important section. The eligibility criteria for the DRA exam conducted by the Indian Institute of Banking & Finance (IIBF) are as follows:

• Candidate must have completed 10+2 or higher from a recognised board or university.
• Candidate must have completed at least 18 years of age on the date of application.

How can I Get my DRA Certificate?

The process of receiving IIBF certification is as follows:

• Join an accredited DRA training program and undergo the minimum 100/50 hours of training 
• Apply for the DRA exam and clear the examination to receive the certification. Do note a total of 90 questions is therein the IIBF DRA examination

Also Read: What is the Full Form of COM?

Other DRA Full Forms

• DRA- Data Recovery Agent (in Windows)
• Dynamic Resolution Adaptation (in the technology sector)
• Diameter Routing Agent (Network)

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We hope this blog has helped you understand the DRA Full Form and everything related to it. If you want to know more, find the general full form list on our blog. In the world of short forms, you can rely on the Leverage edu page to know about more important full forms like this! Connect with us study abroad experts to achieve your international dream today!