Question
Which of the following are the provisions of the SARFAESI Act which enables banks to reduce their non-performing assets (NPAs)?
- Enforcement of Security interests by secured creditors (Banks/ Financial Institutions).
- Transfer of non-performing assets to asset reconstruction company which will then dispose of those assets and realise the proceeds.
- To provide a legal framework for securitization of assets.
- Assisting banks in making the credibility track record of customers under the Credit Information Bureau of India (CIBIL).
Answer: Option A
Answer: (a)
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Answer: (a)
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