Sunil Mehta committee on bad loans resolution has recommended a five-pronged strategy Project SASHAKT to deal with.....in the countrys banking system.

BANKING GENERAL KNOWLEDGE

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

Sunil Mehta committee on bad loans resolution has recommended a five-pronged strategy Project “SASHAKT” to deal with____in the country’s banking system.

A	PCA
B	NPA
C	KYC
D	Loan

Explanation:

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.

There is 1 question to complete.