2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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S. Jayakumar
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Usha Ananthasubramanian
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T N Manoharan
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Sunil Mehta
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Detailed explanation-1: -Project Sashakt was formulated by a high-level committee led by PNB non-executive chairman Sunil Mehta.
Detailed explanation-2: -Project ‘Sashakt’ was proposed by a panel led by PNB chairman Sunil Mehta. It is made to recover bad loans. Bad loans of up to rs 50 cr will be managed at the bank level, with a deadline of 90 days.
Detailed explanation-3: -SBI chairman Dinesh Khara said on January 28, 2022, that toxic assets worth at least Rs 50, 000 crore will be transferred by March 31, 2022. The plan to form a bad bank was introduced in the budget presented in February 2021 however the implementation was delayed.
Detailed explanation-4: -The preventive measures that would help in NPA reduction: Utilize other dispute resolution processes, such as Lok Adalats and Debt Recovery Tribunals, to hasten the payment of debts. Actively disseminate data about defaulters. Take firm action against significant NPAs. Asset Reconstruction Company is to be used.