Question

Which committee has been constituted to examine setting up of ARC for faster resolution of stressed assets of Public Sector Banks (PSBs)? [June 2018]

• A. P.S. Jayakumar committee
• B. Sunil Mehta committee
• C. Viral Acharya committee
• D. Subhash Garg committee

Answer 1

Answer: (B)

Sunil Mehta committee

The Union finance ministry has set up a committee to examine the possibility of setting up an Asset Reconstruction Company (ARC) or an Asset Management Company (AMC) to fast-track resolution of stressed assets. Punjab National Banks non-executive chairman Sunil Mehta will head the panel.