Question
What does D stand for in
IDRCL?Solution
India Debt Resolution Company Ltd (IDRCL) is a service company/operational entity which will manage the asset and engage market professionals and turnaround experts. Public Sector Banks (PSBs) and Public FIs will hold a maximum of 49% stake and the rest will be with private sector lenders. The IDRLC was set up with a paid-up capital of Rs. 80.5 lakh on an authorized capital of Rs 50 crore.
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