Question
Which of the following is a asset reconstruction company
backed by the government of India?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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