7-5-16
RBI AND Government has decided to amend BR act to empower RBI to deal with bad loan (non performing assets). As per the latest data, public sector banks’ gross bad loans increased by one lakh crore Rs, in the first nine months of last fiscal year. Now, total bad loan amount is 6.7 lakh crore. Prime minister office has decided to look into the matter. Banks have been asked to identify top 50 defaulters. A list has been prepared to take corrective action. Action will be case specific including haircut (conversion of loan into capital, takeover) or loan restructuring.
1 Which function of management has been used to manage bad loan?
2 which technique of the function has been used?
3 Name the steps of the function used
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