2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reserve Bank of India
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State bank of India
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UCO bank
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Andhra Bank
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Detailed explanation-1: -What Is A Bad Bank And How Will It Work? The bad bank in India will be called National Asset Reconstruction Ltd (NARC). This NARC will work as an asset reconstruction company. It will buy bad loans from the banks, thereby relieving them from the NPA.
Detailed explanation-2: -Recently, the Ministry of Finance has announced that the National Asset Reconstruction Company (NARCL) along with the India Debt Resolution Company (IDRCL) will take over the first set of bad loans from banks and try to resolve them.
Detailed explanation-3: -Banks may recover bad debts by selling collateral, or may even take legal action. To resolve the problem of bad debt with public sector banks, the Government passed Insolvency and Bankruptcy Code (IBC) Bill.
Detailed explanation-4: -Dinesh Khara, chairman, State Bank of India.