BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Scheme for Systematic Structuring of Stressed Assets
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Scheme for Sustainable Structuring of Scholastic Assets
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Scheme for Sustainable Structuring of Stressed Assets
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Scheme for Sustainable Strength of Stressed Assets
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Detailed explanation-1: -The Scheme for Sustainable Structuring of Stressed Assets was launched by the RBI to address the large stressed assets of the corporate sector.
Detailed explanation-2: -The correct answer is It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties. A new scheme called Sustainable Structuring of Stressed Assets (S4A) to tackle bad loans of big firms was unveiled by RBI.
Detailed explanation-3: -The S4A Scheme aims at deep financial restructuring of big debted projects by allowing lender (bank) to acquire equity of the stressed project. In this context, the scheme makes financial restructuring of large projects at the same time helping the lender’s ability to deal with such stressed assets.
Detailed explanation-4: -HCC was the first company to receive RBI nod for debt reconstruction under the S4A scheme.