As per guidelines issued by the Reserve Bank of India, Banks may classify a loan as Non-Performing Asset (NPA), only if the interest due and the principal during any quarter is not serviced fully within
Which of the following statements is/are correct about Presidential ordinance on NPA?
I. It empowered the Reserve Bank of India to enforce expeditious resolution of non-performing assets of banks.
II. The provisions of the Bankruptcy Code have been linked to the Banking Regulation Act.