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      Question

      The RBI has allowed banks to implement suo motu

      resolution for borrowers affected by natural calamities on the recommendation of which body?
      A District Level Committee Correct Answer Incorrect Answer
      B State Level Bankers' Committee (SLBC) Correct Answer Incorrect Answer
      C National Disaster Management Authority Correct Answer Incorrect Answer
      D RBI Central Board Correct Answer Incorrect Answer
      E Ministry of Finance Correct Answer Incorrect Answer

      Solution

      The RBI has allowed banks and non-bank lenders to implement suo motu resolution for borrowers affected by natural calamities on the recommendation of the State Level Bankers' Committee (SLBC).

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