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Recently, RBI has set up a committee headed by Sudarshan Sen, it is related to which of the following?
  • a)
    Non-Banking Financial Company
  • b)
    Asset Reconstruction Companies
  • c)
    Cooperative Banks
  • d)
    Monetary Policy
Correct answer is option 'B'. Can you explain this answer?
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Recently, RBI has set up a committee headed by Sudarshan Sen, it is re...
The RBI has set up a committee headed by Sudarshan Sen to undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem. The committee will recommend suitable measures for enabling them to meet the growing requirements. Asset Reconstruction Company is a company which buys the bad loans (Non-Performing Assets (NPAs)) of banks or any other financial institution, to let them clear their books and resume lending.
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Recently, RBI has set up a committee headed by Sudarshan Sen, it is related to which of the following?a)Non-Banking Financial Companyb)Asset Reconstruction Companiesc)Cooperative Banksd)Monetary PolicyCorrect answer is option 'B'. Can you explain this answer?
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