Which of the above statements is/are correct?
A. 1 only
B. 1 and 2
C. 2 and 3
D. 1, 2 and 3
Answer:D
Which of the above statements is/are correct?
A. 1 only B. 1 and 2 C. 2 and 3 D. 1, 2 and 3
Explanation: The Reserve Bank of India (RBI) late on Monday tightened its rules around bank loan defaults, seeking to push larger loan defaulters toward bankruptcy courts and abolishing half a dozen existing loan-restructuring mechanisms, in its latest bid to accelerate resolution of the bad loans problem at Indian banks. The new set of rules are aimed at creating a "harmonised and simplified generic framework" for resolution of stressed assets in view of new bankruptcy regulations, the RBI said on 12 February 2018.