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What measures did the government and the Reserve Bank of India (RBI) take to help the financial sector recoup balance sheet stress during the 2010s?
  • a)
    Recapitalisation of Public Sector Banks (PSBs)
  • b)
    Amendment to the SARFAESI Act 2002
  • c)
    Implementation of the Insolvency and Bankruptcy Code
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What measures did the government and the Reserve Bank of India (RBI) t...
  • As investments made by companies went sour, it impaired their ability to repay bank loans. Hence, banks’ non-performing assets began to rise.
    • That set-in motion a long period of repair of the financial and non-financial sector balance sheets in the second half of the last decade.
  • The government and the RBI took several policy initiatives to help the financial sector recoup the balance sheet stress during the 2010s.
  • Some of these such as the amendment to the SARFAESI Act 2002, implementation of the Insolvency and Bankruptcy Code (IBC), launch of ‘Asset Quality Review’ (AQR), introduction of prompt corrective action (PCA) framework, recapitalisation of Public Sector Banks (PSB), and merger of PSBs among others, helped in cleaning up the balance sheets of banks/corporates.
  • Hence, option D is correct.
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What measures did the government and the Reserve Bank of India (RBI) take to help the financial sector recoup balance sheet stress during the 2010s?a)Recapitalisation of Public Sector Banks (PSBs)b)Amendment to the SARFAESI Act 2002c)Implementation of the Insolvency and Bankruptcy Coded)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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What measures did the government and the Reserve Bank of India (RBI) take to help the financial sector recoup balance sheet stress during the 2010s?a)Recapitalisation of Public Sector Banks (PSBs)b)Amendment to the SARFAESI Act 2002c)Implementation of the Insolvency and Bankruptcy Coded)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for CUET 2024 is part of CUET preparation. The Question and answers have been prepared according to the CUET exam syllabus. Information about What measures did the government and the Reserve Bank of India (RBI) take to help the financial sector recoup balance sheet stress during the 2010s?a)Recapitalisation of Public Sector Banks (PSBs)b)Amendment to the SARFAESI Act 2002c)Implementation of the Insolvency and Bankruptcy Coded)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CUET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What measures did the government and the Reserve Bank of India (RBI) take to help the financial sector recoup balance sheet stress during the 2010s?a)Recapitalisation of Public Sector Banks (PSBs)b)Amendment to the SARFAESI Act 2002c)Implementation of the Insolvency and Bankruptcy Coded)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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