2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the 5 pronged strategy that the Sunil Mehta’s commission suggested to tackle NPA?
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APY
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DBT Mission
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SASHAKT
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PMSBY
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Explanation:
Detailed explanation-1: -4R’s Strategy: Government has implemented a comprehensive 4R’s strategy, consisting of Recognition of NPAs transparently, Resolution and Recovery of value from stressed accounts, Recapitalising of PSBs, and Reforms in PSBs and the wider financial ecosystem for a responsible and clean system.
Detailed explanation-2: -There are various avenues for recovery of Non Performing Asset (NPA), they are Insolvency and Bankruptcy Code, the SARFAESI Act, Asset Reconstruction, Debt Recovery Tribunals, Lok Adalats.
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