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Q:

Which of the following Acts has specially been launched to facilitate banks in recovery of bad loans?

A) RBI Act B) Banking Act
C) Companies Act D) Income Tax Act

Answer:   



Explanation:

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) empowers Banks / Financial Institutions to recover their non-performing assets without the intervention of the Court.

Subject: Indian Politics
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