BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PCA
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NPA
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KYC
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Loan
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Detailed explanation-1: -It has recommended the creation of an asset management company for the resolution of stressed loans worth more than Rs. 500 crore. The committee had also laid out a plan to resolve SME loans within 90 days.
Detailed explanation-2: -The Sunil Mehta committee recommended the Intercreditor Agreement to solve the problem of stressed assets and deal with bad loans.
Detailed explanation-3: -What is Project Sashakt? Project Sashakt was proposed by a panel led by PNB chairman Sunil Mehta to help consolidate stressed assets. Bad loans of up to ₹ 50 crore will be managed at the bank level, with a deadline of 90 days.
Detailed explanation-4: -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.