Q5) Which of the following statement is incorrect about the Strategic debt restructuring scheme?

It was launched by Ministry of Finance.

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A joint lenders forum (JLF) would be established to undertake the debt restructuring of ailing borrowing companies

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The debt restructuring will be done by the JLF by converting outstanding loans to equity

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Loans restructured under the scheme are not to be treated as non-performing assets (NPAs) for only 18 months from the date of the commencement of the scheme

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Solution

The correct option is A
It was launched by Ministry of Finance.

Ans:5)(a) The Strategic debt restructuring scheme was launched by RBI . JLF would be a committee formed by the lenders of a company whose principal or interest amount has been overdue for 61-90 days

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Q5) Which of the following statement is incorrect about the Strategic debt restructuring scheme?

The correct option is A It was launched by Ministry of Finance. Ans:5)(a) The Strategic debt restructuring scheme was launched by RBI . JLF would be a committee formed by the lenders of a company whose principal or interest amount has been overdue for 61-90 days

The correct option is A
It was launched by Ministry of Finance.

Ans:5)(a) The Strategic debt restructuring scheme was launched by RBI . JLF would be a committee formed by the lenders of a company whose principal or interest amount has been overdue for 61-90 days