Which bank has started insolvency resolution process against Lanco Infratech Ltd. following a directive from the Reserve Bank of India (RBI), while this is the first resolution process initiated by the lenders against 12 large borrowers identified by the RBI recently?

BANKING GENERAL KNOWLEDGE

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

A	State Bank of India
B	IDBI Bank
C	Punjab National Bank
D	Bank of India

Explanation:

Detailed explanation-1: -The enactment of The Insolvency and Bankruptcy Code, 2016, marked the start of the new legislative framework for providing time bound insolvency and bankruptcy process of corporates, LLPs, partnership firms, and individuals.

Detailed explanation-2: -Reserve Bank of India Question 6 Detailed Solution The correct answer is National Housing Bank. National Housing Bank is a subsidiary of RBI. The National Housing Bank (NHB) is India’s apex regulatory authority for housing finance enterprises’ overall regulation and licensing.

Detailed explanation-3: -State Bank of Sikkim only operates in Sikkim. It was established in 1968, 5 years before Sikkim acceded to India. State Bank of Sikkim is owned by the state government.

There is 1 question to complete.