10 Questions
What does CGTMSE act as according to the text?
A risk mitigation mechanism
In what scenario is the entire loss of an NPA account borne by the Bank?
When an NPA account is settled through OTS without claims
Under what condition should OTS not be considered in credit guarantee covered NPA accounts?
If guarantee fee has not been remitted
When can OTS be considered after lodgment of a claim?
After receipt of final claim from the Trust
What action should be taken after sanctioning OTS based on the text?
Ensure final claim is lodged
What happens if a settlement claim by CGTMSE trust is rejected?
OTS cannot be considered
'NCGTC' mentioned in the text refers to:
'National Credit Guarantee Trustee Company'
What does the Bank bear when settling NPA accounts through OTS without lodgment of claims?
The entire loss involved in Write off amount
'CBS' mentioned in the text refers to:
'Core Banking System'
Under what circumstances can OTS be sanctioned according to the text?
After lodgment of first claim
Test your knowledge on the 'Ghar Wapasi-Customer Outreach Drive' campaign focusing on loan repayment incentives for farmers. Explore the details of the campaign and prompt repayment incentives for 2022-23 & 2023-24.
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