Discussion :: Miscellaneous Current Affairs
- President Pranab Mukherjee signed an ordinance giving more power to the RBI to deal with the growing problem of non-performing assets (NPA) on the basis of which amends?
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A.
Section 35A of the Banking Regulations Act
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B.
Section 36A of the Banking Regulations Act
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C.
Section 12 of the Banking Regulations Act
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D.
Section 36AA of the Banking Regulations Act
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Answer : Option A
Explanation :
President Pranab Mukherjee has given a nod to an ordinance giving greater powers to the Reserve Bank of India to tackle mounting bad loans. The ordinance amends Section 35A of the Banking Regulations Act. The amendments to the Act will help the RBI resolving the bad loans problem.
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