Which is incorrect about the recent NPA Ordinance by the Central Government?
ARBI is authorised to direct banks to tackle NPA problems by intervening directlyCorrect AnswerIncorrect Answer
BRBI can appoint an oversight committee to tackle NPA problemsCorrect AnswerIncorrect Answer
CRBI’s intervention will increase the fear of vigilance enquiries and second guessing on commercial decisions taken in good faith.Correct AnswerIncorrect Answer
DThe ordinance is passed because NPAs have increased in Indian banking system Correct AnswerIncorrect Answer
EAll above are correct Correct AnswerIncorrect Answer
Solution
RBI’s stamp on the decision will actually reduce the fear of vigilance enquiries and second guessing on commercial decisions taken in good faith.
