In which of the following cases, compromise with sacrifice will NOT be accepted?

When adequate security is available

An NPA customer who has filed a suit against the bank has now approached for compromise. What should be done?

Compromise may be accepted provided suit will be withdrawn

Compromise cannot be accepted at all as per guidelines

Compromise should be accepted and suit should continue

Entire contractual amount should be demanded as a suit has been filed against the bank

An NPA customer, whose account was classified as fraud and under CBI investigation, has approached for compromise. What should be done?

Compromise may be accepted but investigation will continue

Compromise should not be accepted at all

Compromise may be accepted only after investigation is concluded

Entire contractual amount should be demanded as it is a fraud account

Expand the term SARFAESI

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

Securitisation and Reconstruction of Financial Assets and Enforcement of Social Interest

Securitisation and Reconstruction of Financial Assets and Enactment of Security Interest

Securitisation and Reconstruction of Ferry Assets and Enforcement of Security Interest

Which of the following statement is not true with respect to wilful defaulter?

Financially capable to repay and yet does not do so

One who diverts the funds for the purposes other than the fund was availed for

With whom funds are not available in the form of assets as funds have been siphoned off

Who has sold or disposed the property that was used as a security to obtain the loan

Which department of our bank is required to report information on Non-co-operative borrowers (Global Operation) to CRILC under CRILC-Main on quarterly basis within 21 days from the close of the relevant quarter.

Credit Quality and Portfolio Monitoring Department

Asset Quality and Credit Monitoring Department

Risk assessment and Monitoring Department

Stressed Asset and management vertical

Which committee is competent authority to permit publication of photographs of willful defaulters in Newspaper

Review committee on wilful defaulter

Which of the following is not an essential ingredient to initiate action for enforcement of security under this act.

The security interest must be at least Rs 200000/-

There must be security agreement in which borrower is under liability of the secured creditor

There must be a default in repayment of secured debt or installment thereof the account must be classified as Non-Performing Asset

Borrower can represent against SARFAESI 13(2) notice under section_________, the same should be replied by the_______, within ____days from receipt of the same

13(3A), Authorize Officer, 15 days

13(4A), Authorize Officer, 15 days

After the successful bidding/auction of any charged security of NPA account and full and final payment by the bidder, the bank issue the certificate to the bidder, which is called

Confirmation of account closure

As per SARFAESI SOP Filing of Caveat with DRT/ High court to be done within How many days from possession ?

7 days from symbolic possession

10 days from symbolic possession

3 days from symbolic possession

20 days from symbolic possession

At what stage can SARFAESI action be stalled, if Borrower repays full dues(Right of redemption)

Any time before issue of sale certificate

NPA Quiz OCT25

Authored by BA Pune

Professional Development

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.5

2.5

2.3

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Outstanding of a loan account is Rs 20 lacs. Value of the security held is Rs 16 lacs. This account remained NPA for more than one year. Calculate the provisioning amount as on 31.03.2023 ( in lacs )

1.5

2.3

5.5

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NPA Quiz OCT25

Outstanding of a loan account is Rs 10 lacs. Value of the security held is Rs 4 lacs. ECGC cover is 50%. This account remained doubtful for more than two years. Calculate the provisioning amount. ( in lacs )

If any loan account become overdue on 18.04.2018 then it's NPA date will be

Outstanding of a loan account is Rs 140 lacs. Value of the security held is Rs 50 lacs. NPA date is 30.09.2022. Calculate the provisioning amount as on 31.03.2023 ( in lacs )

Outstanding of a loan account is Rs 120 lacs. Value of the security held is Rs 70 lacs. NPA date is 30.07.2020 Calculate the provisioning amountas on 31.03.2023 ( in lacs )

Outstanding of a loan account is Rs 60 lacs. Value of the security held is Rs 20 lacs. ECGC cover is 75%. This account remained doubtful for more than three years. Calculate the provisioning amount as on 31.03.2023 (in lacs )

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Outstanding of a loan account is Rs 20 lacs. Value of the security held is Rs 16 lacs. This account remained NPA for more than one year. Calculate the provisioning amount as on 31.03.2023 ( in lacs )

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