BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who is the current head of Combined Registry of Securitization Asset Reconstruction and Security Interest (CERSAI)?
A
Praveen Kumar Sharma
B
Naveen Kumar Sharma
C
Laxmi Niwas Mittal
D
Nandan Nilekani
Explanation: 

Detailed explanation-1: -Shri Umesh Kumar Singh is the Central Registrar and MD & CEO of CERSAI. Shri Singh joined CERSAI as the Central Registrar and MD & CEO on 16th Feb. 2023.

Detailed explanation-2: -At the request of the Department of Financial Services, Ministry of Finance, the Indian Banks’ Association has taken steps to obtain incorporation of the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) licensed under section 25 of the Companies Act, 1956.

Detailed explanation-3: -1. The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is set up under section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).

Detailed explanation-4: -cKYC stands for Central KYC (Know Your Customer) cKYC makes the whole KYC verification process hassle-free. Unlike KYC verification, cKYC needs to be verified just once before availing any financial services. On completing the cKYC verification, you will get a 14 digit cKYC number on your registered Email ID.

There is 1 question to complete.