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Name the committee, which set up to look into the faster resolution of stressed assets, has recommended the creation of an asset management company for the resolution of stressed loans worth more than Rs500 crore.
- a)Rakesh Mohan Committee
- b)Sunil Mehta Committee
- c)Ghosh Das Committee
- d)Subramanian Swami Committee
- e)C Rangarajan Committee
Correct answer is option 'B'. Can you explain this answer?
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Name the committee, which set up to look into the faster resolution of...
Sunil Mehta Committee
The Sunil Mehta Committee was set up to look into the faster resolution of stressed assets in the banking sector. The committee has recommended the creation of an asset management company for the resolution of stressed loans worth more than Rs500 crore.
Objective of the Committee
- The main objective of the Sunil Mehta Committee was to find ways to expedite the resolution of stressed assets in the banking system and to reduce the burden of non-performing assets (NPAs) on banks.
Recommendations of the Committee
- The committee recommended the creation of an asset management company (AMC) to take over and resolve stressed loans worth more than Rs500 crore.
- The proposed AMC would act as a centralized agency to manage and resolve stressed assets, thereby reducing the burden on individual banks.
- The committee also suggested the formation of an independent steering committee to oversee the functioning of the proposed AMC.
Benefits of the Recommendations
- The creation of an asset management company would help in faster resolution of stressed assets, leading to a healthier banking system.
- By centralizing the resolution process, the burden on individual banks would be reduced, allowing them to focus on their core banking activities.
- The proposed AMC would bring in specialized expertise in managing and resolving stressed assets, leading to more efficient resolution processes.
In conclusion, the recommendations of the Sunil Mehta Committee, including the creation of an asset management company for stressed loans over Rs500 crore, aim to address the issue of NPAs in the banking sector and facilitate a quicker resolution of stressed assets.
The Sunil Mehta Committee was set up to look into the faster resolution of stressed assets in the banking sector. The committee has recommended the creation of an asset management company for the resolution of stressed loans worth more than Rs500 crore.
Objective of the Committee
- The main objective of the Sunil Mehta Committee was to find ways to expedite the resolution of stressed assets in the banking system and to reduce the burden of non-performing assets (NPAs) on banks.
Recommendations of the Committee
- The committee recommended the creation of an asset management company (AMC) to take over and resolve stressed loans worth more than Rs500 crore.
- The proposed AMC would act as a centralized agency to manage and resolve stressed assets, thereby reducing the burden on individual banks.
- The committee also suggested the formation of an independent steering committee to oversee the functioning of the proposed AMC.
Benefits of the Recommendations
- The creation of an asset management company would help in faster resolution of stressed assets, leading to a healthier banking system.
- By centralizing the resolution process, the burden on individual banks would be reduced, allowing them to focus on their core banking activities.
- The proposed AMC would bring in specialized expertise in managing and resolving stressed assets, leading to more efficient resolution processes.
In conclusion, the recommendations of the Sunil Mehta Committee, including the creation of an asset management company for stressed loans over Rs500 crore, aim to address the issue of NPAs in the banking sector and facilitate a quicker resolution of stressed assets.
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Name the committee, which set up to look into the faster resolution of stressed assets, has recommended the creation of an asset management company for the resolution of stressed loans worth more than Rs500 crore.a)Rakesh Mohan Committeeb)Sunil Mehta Committeec)Ghosh Das Committeed)Subramanian Swami Committeee)C Rangarajan CommitteeCorrect answer is option 'B'. Can you explain this answer?
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Name the committee, which set up to look into the faster resolution of stressed assets, has recommended the creation of an asset management company for the resolution of stressed loans worth more than Rs500 crore.a)Rakesh Mohan Committeeb)Sunil Mehta Committeec)Ghosh Das Committeed)Subramanian Swami Committeee)C Rangarajan CommitteeCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Name the committee, which set up to look into the faster resolution of stressed assets, has recommended the creation of an asset management company for the resolution of stressed loans worth more than Rs500 crore.a)Rakesh Mohan Committeeb)Sunil Mehta Committeec)Ghosh Das Committeed)Subramanian Swami Committeee)C Rangarajan CommitteeCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Name the committee, which set up to look into the faster resolution of stressed assets, has recommended the creation of an asset management company for the resolution of stressed loans worth more than Rs500 crore.a)Rakesh Mohan Committeeb)Sunil Mehta Committeec)Ghosh Das Committeed)Subramanian Swami Committeee)C Rangarajan CommitteeCorrect answer is option 'B'. Can you explain this answer?.
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