2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Communication Board
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Securities and Exchange Board of India (SEBI)
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Tamil Nadu Housing Board
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Department of Agriculture and Science
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Detailed explanation-1: -The Securities and Exchange Board of India (SEBI) has relaxed the norms for preferential allotment for companies that have stressed assets, thereby making it easier for such entities to raise funds.
Detailed explanation-2: -NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain 51% ownership in NARCL.
Detailed explanation-3: -Stressed assets are a sum of Non-performing assets, restructured loans, and written-off assets. During the period of 90 days before becoming non-performing assets, these are called ‘stressed assets.
Detailed explanation-4: -The ARC can take over only secured debts which have been classified as a non-performing asset (NPA).