SBI PO Prelims 17 Dec 2022 Shift 1 Paper

Question Numbers: 6-11
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 ___(1)___ to credit 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 ___(4)___ to 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 ___(6)___ field ‘account status’ will have a new catalogue value, viz., ‘restructured due to COVID-19' for MFI bureau.