📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Central Registry of Securitization Asset Reconstruction

    and Security Interest(CERSAI) is under which provision?
    A SEBI Act,1992 Correct Answer Incorrect Answer
    B SARFAESI Act,2002 Correct Answer Incorrect Answer
    C RBI Act,1934 Correct Answer Incorrect Answer
    D Banking Regulation Act,1949 Correct Answer Incorrect Answer
    E Negotiable Instruments Act,1881 Correct Answer Incorrect Answer

    Solution

    SARFAESI ( Securitization and reconstruction of financial assets and enforcement of security interest act )- It is the act that passed in the Indian parliament in the year 2002 which provides rights to banks to cover their outstanding amount of loan through the borrower assets.

    Practice Next
    More Banking System in India Questions

    Relevant for Exams:

    ask-question