Gyan Sangam

Question 1

2nd edition of Finance ministry brain storming session with PSBs focussed on mounting bad loans the focus was on ?

Answer 1

Management of Non-performing loans (NPAs)

Consolidation in the sector

Question 2

i) What is Gyan Sangam ?

ii) The first Gyan Sangam was held for the 1st time in ?

Answer 2

i) An annual retreat of chiefs of public sector financial institutions, officials from the Finance Ministry and the Reserve Bank of India — recently held on March 4 and 5 in Gurgaon.
ii) Pune

Question 3

Agenda of Gyan Sangam

Answer 3

“We have to go through phases in transformation agenda.

1. Restructuring and mergers and acquisitions of banks
2. NPA management and recovery
3. Technology, digital and financial inclusion,
4. Credit growth, and
5. Risk management.

Question 4

The RBI wants to complete the clean-up of bad loans through __________by March 2017

Answer 4

Asset quality review (AQR)

Question 5

Gross NPAs of public sector banks stood at ____________ at December-end as against ____________ at the end of March 2015.

Answer 5

Rs. 3.60 lakh crore

2.67 lakh crore