The SARFAESI Act enables banks to recover dues mainly without:

medium Q5 of 15

Banking Awareness - Banking Acts, Reforms & Risk Management

AApproaching civil courts

BIssuing notice to borrowers

CCreating security interest

DValuation of assets

Step-by-Step Solution

Step 1: Recall the procedural advantage
SARFAESI reduces dependence on lengthy court procedures.
Step 2: Match with the correct choice
Banks need not approach civil courts at the initial stage.
Final Answer:
Approaching civil courts → Option A
Quick Check:
No court involvement initially = faster recovery ✅

Quick Trick: SARFAESI speeds recovery by avoiding courts early.

Common Mistakes:

MISTAKES

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