Which of the following statements best describes the- term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news

Which of the following statements best describes the- term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news?

(a)

It is a procedure for considering ecological costs of developmental schemes formulated by the Government.

(b)

It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.

(c)

It is a disinvestment plan of the Government regarding Central Public Sector Undertakings.

(d)

It is an important provision in ‘The Insolvency and Bankruptcy Code’ recently implemented by the Government.

Answer:

(b)

Explanation

In order to strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India has issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’. www.civilsdaily.com/story/npa-crisis/