What is the DRA full form?

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DRA Full Form

DRA full form is the 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 in behalf of banks. Keep reading to know more about the DRA full form.

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 

What is the process for obtaining the IIBF certification?

The process of receiving IIBF certification are 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: Top tips on saving money and avoiding student debt

Other DRA Full Forms

There are several other full forms of DRA. These are listed below:

  • DRA- Data Recovery Agent (in Windows)
  • Dynamic Resolution Adaptation (in the technology sector)
  • Diameter Routing Agent (Network)
  • To discover more full-form articles like this one, consult the study abroad experts at Leverage Edu

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