Question
Which bank will be the lead sponsor of National Asset
Reconstruction Company Limited (NARCL)?Solution
Canara Bank will be the lead sponsor of National Asset Reconstruction Company Limited (NARCL) or bad bank with 12 per cent stake in the entity. National Asset Reconstruction Company Ltd (NARCL) is the proposed bad bank for taking over stressed assets of lenders. It was announced in the Budget for 2021-22.
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