Question
The Scheme for Sustainable Structuring of Stressed
Assets (S4A) is the latest measure taken by the ________ to tackle stressed assets.Solution
The Scheme for Sustainable Structuring of Stressed Assets (S4A) is the latest measure taken by the RBI to tackle stressed assets. Under this scheme, large ticket loans are restructured by separating a sustainable loan from an unsustainable loan.
Suman paid ₹9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?
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