Banking Awareness Questions for IBPS, SBI, RRB, RBI & Clerical exams

Q.  Which act allows banks and other financial institution to auction residential or commercial properties to recover loans?

a. Industrial Disputes Act 1947
b. Foreign Exchange Management Act, 1999
c. Banking Regulation Act, 1949
d. SARFAESI Act, 2002


ANSWER: See Answer
 
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