The correct answer is (C), (D) (A), (B), (E)A non-performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. The following initiatives are taken by the Government of India to tackle the Non-performing assets in their ascending order of chronology: 1. The Debt Recovery Tribunals (DRTs) “ 1993To decrease the time required for settling cases. They are governed by the provisions of the Recovery of Debt Due to Banks and Financial Institutions Act, 1993. However, their number is not sufficient therefore they also suffer from time lag and cases are pending for more than 2-3 years in many areas. 2. Credit Information Bureau “ 2000A good information system is required to prevent loans from falling into bad hands and therefore prevention of NPAs. It helps banks by maintaining and sharing data of individual defaulters and willful defaulters. 3. Compromise Settlement “ 2001It provides a simple mechanism for recovery of NPA for the advances below Rs. 10 Crores. It covers lawsuits with courts and DRTs (Debt Recovery Tribunals) however willful default and fraud cases are excluded. 4. SARFAESI Act “ 2002The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 “ The Act permits Banks / Financial Institutions to recover their NPAs without the involvement of the Court, through acquiring and disposing of the secured assets in NPA accounts with an outstanding amount of Rs. 1 lakh and above. The banks have to first issue a notice. Then, on the borrowers failure to repay, they can:Take ownership of security and/orControl over the management of the borrowing concern. Appoint a person to manage the concern. 5. Corporate Debt Restructuring “ 2001It is for reducing the burden of the debts on the company by decreasing the rates paid and increasing the time the company has to pay the obligation back. Therefore, option 3 is the correct answer.