Which of the following are the provisions of SARFAESI Act which enables banks to reduce their non-performing assets (NPAs)

  1. Enforcement of Security Interest by secured creditor (Banks/ Financial Institutions).
  2. Transfer of non- performing assets to asset reconstruction company , which will then dispose of those assets and realise the proceeds.
  3. To provide a legal framework for securitization of assets.
  4. Assisting banks in making the credibility track record of customers under Credit Information Bureau of India (CIBIL).
[A] 1 and 2
[B] 1, 2 and 3
[C] 2 ,3 and 4
[D] 1, 2 ,3 and 4

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