1.

      Which of the following are the provisions of SARFAESI Act which enables banks to reduce their non-performing assets (NPAs)? 1. Enforcement of Security Interest by secured creditor (Banks/ Financial Institutions). 2. Transfer of non- performing assets to asset Reconstruction Company which will then dispose of those assets and realise the proceeds. 3. To provide a legal framework for securitization of assets. 4. Assisting banks in making the credibility track record of customers under Credit Information Bureau of India (CIBIL).

A. 1 and 2                        
B. 1, 2 and 3
C.  2, 3 and 4        
D.        1, 2, 3 and 4
Answer» C.  2, 3 and 4        


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