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Which of the following is the main objective of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act?
  • a)
    Enable Banks to penalize the willful defaulters
  • b)
    Enable Courts to criminally prosecute the defaulters
  • c)
    Allows banks and other financial organizations to recover bad loans effectively
  • d)
    Increase the liquidity in the market during crisis
  • e)
    Increasing the quality of Assets of the Banks by superior checks
Correct answer is option 'C'. Can you explain this answer?
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Which of the following is the main objective of the Securitisation an...
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, more commonly known by its shorter name SARFAESI Act, is a legislation that allows banks and other financial organizations to recover bad loans effectively.
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Which of the following is the main objective of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act?a)Enable Banks to penalize the willful defaultersb)Enable Courts to criminally prosecute the defaultersc)Allows banks and other financial organizations to recover bad loans effectivelyd)Increase the liquidity in the market during crisise)Increasing the quality of Assets of the Banks by superior checksCorrect answer is option 'C'. Can you explain this answer?
Question Description
Which of the following is the main objective of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act?a)Enable Banks to penalize the willful defaultersb)Enable Courts to criminally prosecute the defaultersc)Allows banks and other financial organizations to recover bad loans effectivelyd)Increase the liquidity in the market during crisise)Increasing the quality of Assets of the Banks by superior checksCorrect answer is option 'C'. 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 Which of the following is the main objective of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act?a)Enable Banks to penalize the willful defaultersb)Enable Courts to criminally prosecute the defaultersc)Allows banks and other financial organizations to recover bad loans effectivelyd)Increase the liquidity in the market during crisise)Increasing the quality of Assets of the Banks by superior checksCorrect answer is option 'C'. 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 Which of the following is the main objective of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act?a)Enable Banks to penalize the willful defaultersb)Enable Courts to criminally prosecute the defaultersc)Allows banks and other financial organizations to recover bad loans effectivelyd)Increase the liquidity in the market during crisise)Increasing the quality of Assets of the Banks by superior checksCorrect answer is option 'C'. Can you explain this answer?.
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