Google News
logo
Daily Current Affairs
What was the amount fraud loans, as declared in 2020-21?
A)
Rs 1.37 trillion
B)
Rs 1.65 trillion
C)
Rs 1.81 trillion
D)
Rs 1.94 trillion

Correct Answer :   Rs 1.37 trillion


The Reserve Bank of India has allowed lenders/banks to transfer of loans that have been classified as fraud by these lenders to Asset Reconstruction Companies (ARCs). Stressed loans including fraud loans that are in default for more than 60 days or classified as NPA are permitted to be transferred to ARCs. For 2020-21 (FY21)– loans worth Rs 1.37 trillion were declared as fraud

Published On : September 27, 2021
Advertisement