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NPA & SARFAESI — Set 2

Banking · NPA और SARFAESI · Questions 1120 of 80

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1

What is the full form of CERSAI, which was established under the SARFAESI Act?

2

The SARFAESI Act is NOT applicable to which type of loans?

3

What is 'Provisioning' in banking terminology?

4

Which term describes an account where the interest or installment remains overdue for up to 30 days?

5

In the Special Mention Account (SMA) classification, SMA-2 indicates an overdue period of?

6

The minimum threshold of debt required to initiate proceedings under the SARFAESI Act is generally?

7

What does 'S' stand for in SMA classification?

8

Which authority is responsible for hearing appeals against the actions of banks under the SARFAESI Act?

9

What is 'Haircut' in the context of loan recovery and NPAs?

10

What happens when an asset is 'written off' by a bank?