Which type of bank has been established as a means of cleaning up bank books? Options: A . &nbspBig Bank B . &nbspSmall Bank C . &nbspPayment Bank D . &nbspBad Bank

Which type of bank has been established as a means of cleaning up bank books?

Question

Which type of bank has been established as a means of cleaning up bank books?

Options:

A . Big Bank

B . Small Bank

C . Payment Bank

D . Bad Bank

Answer: Option D

As a means of cleaning up bank books, Bad Bank was established for stressed assets. The establishment of a bad bank was announced in the Union Budget. It is known as the National Asset Reconstruction Company Limited (NARCL).

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