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Loan Repayment Incentives Campaign Quiz

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Questions and Answers

What does CGTMSE act as according to the text?

A credit rating agency
A loan recovery agent
A risk mitigation mechanism (correct)
A Bank regulator

In what scenario is the entire loss of an NPA account borne by the Bank?

When the CGTMSE shares the net loss
When multiple banks are involved in the NPA account
When the OTS covers the loss
When an NPA account is settled through OTS without claims (correct)

Under what condition should OTS not be considered in credit guarantee covered NPA accounts?

If guarantee is in force
If the settlement claim is rejected by CGTMSE trust
If guarantee fee has not been remitted (correct)
If the claim has not been lodged in the online portal

When can OTS be considered after lodgment of a claim?

After receipt of final claim from the Trust (A) Signup and view all the answers

What action should be taken after sanctioning OTS based on the text?

Ensure final claim is lodged (D) Signup and view all the answers

What happens if a settlement claim by CGTMSE trust is rejected?

OTS cannot be considered (D) Signup and view all the answers

'NCGTC' mentioned in the text refers to:

'National Credit Guarantee Trustee Company' (C) Signup and view all the answers

What does the Bank bear when settling NPA accounts through OTS without lodgment of claims?

The entire loss involved in Write off amount (A) Signup and view all the answers

'CBS' mentioned in the text refers to:

'Core Banking System' (D) Signup and view all the answers

Under what circumstances can OTS be sanctioned according to the text?

After lodgment of first claim (D) Signup and view all the answers

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