2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dena Bank
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Canara Bank
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State Bank of India
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Reserve Bank of India
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Detailed explanation-1: -asset reconstruction company: KKR gets RBI nod to start India’s 1st Foreign-owned ARC-The Economic Times.
Detailed explanation-2: -Ans. ARCIL was the first Asset Reconstruction Company in India.
Detailed explanation-3: -1. The Committee on Banking Sector Reforms of 1991 (Narasimham Committee I) had envisaged an asset management company (AMC) like structure, namely an Asset Reconstruction Fund (ARF) to address the NPA crisis of that time.
Detailed explanation-4: -The Reserve Bank of India is the central bank of the country.
Detailed explanation-5: -The State Bank of India was to be the principal instrument for extending modern banking to the rural areas, and of linking it with the needs of cooperative credit and marketing institutions.