SBI PO 2022 · Question 8 of 100

Fill in the blanks with the appropriate words: The Reserve Bank of India on Friday asked the banks and other lenders to report the accounts restructured due to coronavirus to credit _____(1)_____ bureaus. Lenders should make necessary _____(2)_____ to their system and _____(3)_____ it to credit bureaus within two months, the banking regulator said. All commercial banks including small finance banks, local area banks and regional rural banks, primary (urban) co-operative banks/state co-operative banks/district central co-operative banks, India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) and non-banking financial companies (including housing finance companies) were to _____(4)_____ apprise the credit bureaus about restructuring the accounts. The regulator modified the format to _____(5)_____ the restructuring of accounts due to COVID-19. For the consumer bureau, the label of the field 'written off and settled status' is modified as 'Credit Facility Status' and it will also have a new catalogue value, viz., 'restructured due to COVID-19', RBI said. For the commercial bureau, the existing field 'Major reasons for restructuring' will have a new catalogue value, viz., 'restructured due to COVID-19', it added. The field 'account status' will have a new catalogue value, viz., _____(6)_____ 'restructured due to COVID-19' for MFI bureau. Select the most appropriate option to fill in blank no 3.

Cloze Test

1. Aa. ReportCorrect
2. Bb. Recuperate
3. Cc. Reiterate
4. Dd. Fathom
5. Ee. Emend