In what way does an asset reconstruction company help banks?

Question

TuteeHUB · Accepted Answer

Acts as recovery agents for banks

TuteeHUB · Answer

By buying the non performing assets of banks

TuteeHUB · Answer

Acts as recovery agents for banks

TuteeHUB · Answer

Converts non performing assets into performing accounts

TuteeHUB · Answer

Helps in rehabilitation of weak accounts by rescheduling the repayment plans

1.	In what way does an asset reconstruction company help banks?
A.	By buying the non performing assets of banks
B.	Acts as recovery agents for banks
C.	Converts non performing assets into performing accounts
D.	Helps in rehabilitation of weak accounts by rescheduling the repayment plans
Answer» B. Acts as recovery agents for banks

Discussion