Sashakt 5 pronged strategy is to ........

Current GK (SBI-PO) Banking Awareness

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Sashakt: 5-pronged strategy is to:

Deal with the Non-Performing Assets held by banks

Manage idle assets held by Public sector companies in India

Work towards promotion of housing for Economically Weaker Sections

Rehabilitate employees of sick Public sector undertakings.

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Explanation:

* Finance minister Piyush Goyal said that government has accepted a report submitted by a committee of bankers led by Punjab National Bank chairman Sunil Mehta.
* The committee has recommended a five-pronged strategy -- Project 'Sashakt'.
* ‘SASHAKT’ stands for strengthening and the whole objective was to strengthen the credit capacity, credit culture and portfolio of public sector banks.