πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    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 β‚Ή1 crore Correct Answer Incorrect Answer
    B Independent Advisory Committees (IACs) will approve all settlements Correct Answer Incorrect Answer
    C Dues above β‚Ή1 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 β‚Ή1 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