The Indian banking sector, especially PSBs, faced a major challenge of high Non-Performing Assets (NPAs) in the years leading up to 2018. Following measures like Asset Quality Review (AQR), Insolvency and Bankruptcy Code (IBC), and recapitalization, the asset quality has shown significant improvement. This reduction in NPAs has directly contributed to better profitability.
Which of the following statements is correct?
Asked in WBCS Main Paper 5 2022 · Topic: Money & Banking (Banking Sector Reforms: Basel Norms, Asset Quality Review (AQR), and NPA Management)
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