BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Under project ‘SASHAKT’ an asset management company/alternative investment fund (AIF)-led resolution approach to deal with NPA cases of more than-?

A	Rs 100 crore
B	Rs 200 crore
C	Rs 300 crore
D	Rs 500 crore

Explanation:

Detailed explanation-1: -50 crore to Rs. 500 crore, a bank-led settlement strategy is used, with a settlement time of 180 days. To cope with NPA instances of more than Rs 500 crore, a Wealth Management Corporation (AMC)/Alternative Investment Group (AIF)-led resolution strategy is used.

Detailed explanation-2: -Under the SME Resolution Approach (SRA), loans up to Rs 50 crore would be dealt using a template approach supported by a steering committee and resolution will be completed in a time bound manner within 90 days.

Detailed explanation-3: -The preventive measures that would help in NPA reduction: Utilize other dispute resolution processes, such as Lok Adalats and Debt Recovery Tribunals, to hasten the payment of debts. Actively disseminate data about defaulters. Take firm action against significant NPAs. Asset Reconstruction Company is to be used.

There is 1 question to complete.