The Banking Regulation Amendment Bill was passed in the Lok Sabha. Which of the following facts about this bill is true?

• A. The law has been brought in view of the bad loan amount i.e. non-performing assets (NPAs) of public sector banks reachinghighly unacceptable levelsof over Rs 6 lakh crore.
• B. Under the new law, the Reserve Bank will get the right to give instructions to banks to initiate necessary action for recovery of bad loans.
• C. (1) and (2) both
• D. neither of the above