New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is a asset reconstruction company

    backed by the government of India?
    A National Asset Reconstruction Company Ltd Correct Answer Incorrect Answer
    B IRDAI Correct Answer Incorrect Answer
    C PFRDA Correct Answer Incorrect Answer
    D UTI Fund Limited Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Bank of India (BoI) has invested nearly Rs 108.81 crore in National Asset Reconstruction Company Ltd (NARCL) under preferential share issue. • The bank's shareholding in NARCL will come to 9%. • NARCL is an asset reconstruction company backed by the government and it was incorporated in July 2021.

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