Bad Loans, NPAs and the IBC: Checkpoint 1

Quick checkpoint - five questions on bad loans, npas and the ibc.

Question 1 of 5 After how many days overdue is a loan an NPA?

90 days 9 days 900 days 1 day

Banks must then provision.

Question 2 of 5 When was the Insolvency and Bankruptcy Code passed?

2020 2016 2005 1991

It sets a time-bound process.

Question 3 of 5 What did Section 29A of IBC do?

Fix interest rates Ban all bids End banks Bar defaulting promoters from bidding for their own firms

It stops cheap buybacks.

Question 4 of 5 Which entity was set up in 2021 as a national bad bank?

NSDL NABARD NARCL SIDBI

It takes over large stressed loans.

Question 5 of 5 What happened to public sector bank numbers after mergers?

They were abolished They fell from 27 to 12 They stayed the same They rose to 100

Ten banks merged into four.

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