Question

With which of the following is SARFAESI act 2002 related?

• A. Acquisition of small banks
• B. Regulation of foreign exchange
• C. Recovery of NPA loans
• D. Insurance coverage to deposits of banks

Answer 1

Answer:

C. Recovery of NPA loans

The SARFAESI Act allows banks and financial institutions to recover non-performing assets (NPAs) without going to court.