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

    Question

    Padmakumar Madhavan Nair is named as the Chief

    Executive Officer of the NARCL. What is the full form of NARCL?
    A National Authority of Re-Construction Limited Correct Answer Incorrect Answer
    B Net Assets Revaluation Corporation Limited Correct Answer Incorrect Answer
    C National Asset Reconstruction Company Limited Correct Answer Incorrect Answer
    D Net Assets Resolution Corporation Limited Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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