Q:
      
      
         
            
Which of the following Acts has specially been launched to facilitate banks in recovery of bad loans?
         
       
      
      
      
          
      
      
          Answer & Explanation
         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.
       
      
      
      
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