Central Registry of Securitization Asset Reconstruction

Q: Answer-Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which...

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.

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.

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