Question

span >Which is incorrect about the recent NPA Ordinance by the Central Government?

A RBI is authorised to direct banks to tackle NPA problems by intervening directly
B RBI can appoint an oversight committee to tackle NPA problems
C RBI’s intervention will increase the fear of vigilance enquiries and second guessing on commercial decisions taken in good faith.
D The ordinance is passed because NPAs have increased in Indian banking system
E All above are correct
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