Question
Padmakumar Madhavan Nair is named as the Chief
Executive Officer of the NARCL. What is the full form of NARCL?Solution
National Asset Reconstruction Company Limited (NARCL) has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC). NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership in NARCL.
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