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    Question

    Which bank will be the lead sponsor of National Asset

    Reconstruction Company Limited (NARCL)?
    A Bank of India Correct Answer Incorrect Answer
    B State Bank of India Correct Answer Incorrect Answer
    C Canara Bank Correct Answer Incorrect Answer
    D Indian Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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