Q. Which of the following are the provisions of SARFAESI Act which enables banks to reduce their non-performing assets (NPAs) Enforcement of Security Interest by secured creditor (Banks/ Financial Institutions). Transfer of non- performing assets to asset reconstruction company , which will then dispose of those assets and realise the proceeds. To provide a legal framework for securitization of assets. Assisting banks in making the credibility track record of customers under Credit Information Bureau of India (CIBIL).
Answer: 1, 2 and 3
Notes:

2