Question
Which act is not used by banks in India for loan
recovery from wilful defaulters?Solution
Banks use Debt Recovery Tribunals (DRTs), the Insolvency and Bankruptcy Code (IBC), the SARFAESI Act, and RBI guidelines on KYC and Anti Money Laundering for loan recovery. The SEBI Act is not used for this purpose.
According to a medium-term forecast by the International Energy Agency (IEA), India’s natural gas demand is set to grow by 4 per cent in 2023 and rise...
The Reserve Bank of India (RBI) has approved the amalgamation of Akola Merchant Co-operative Bank Ltd, located in Akola, Maharashtra, with The Jalgaon P...
What is the focus of the ‘Sampoornata Abhiyan’ launched by NITI Aayog?
Consider the following about Startup India:
I. Startup India initiative was announced by the Prime Minister of India on 15th August, 2015.
 The Central Detective Training Institute has been planned to be set up in which state of India for which the stone has been laid?
Where was the 2025 Kenton R. Miller Award ceremony held?
RBI lists how many rating agencies for banks' capital adequacy purposes?
Which life insurance company has launched SEWA, a plan that covers hospitalization, ICU stay, surgeries, critical illness, and disability, besides life ...
Where did the 70th Filmfare Awards 2025 take place?
What is the name of the NRE & NRO savings account launched by Bank of Baroda for women NRIs?
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