📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      What is a key change introduced by the RBI in norms for

      settlement of dues by Asset Reconstruction Companies (ARCs)?
      A Full board approval is mandatory for all dues above ₹1 crore Correct Answer Incorrect Answer
      B Independent Advisory Committees (IACs) will approve all settlements Correct Answer Incorrect Answer
      C Dues above ₹1 crore can now be settled by a board-approved committee Correct Answer Incorrect Answer
      D All settlement decisions must involve officials from asset acquisition Correct Answer Incorrect Answer
      E Settlements require final approval from the RBI for all cases Correct Answer Incorrect Answer

      Solution

      The RBI allowed ARCs to settle dues above ₹1 crore with a board-approved committee, streamlining the process and improving flexibility.

      Practice Next
      More Economy and Banking and Finance Current Affairs Questions

      Relevant for Exams:

      ask-question