2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Asset Reconstruction Company
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National Asset Reconstruction Corporation
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National Asset Restructuring Company
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Non-Asset Reconstruction Company
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Detailed explanation-1: -Detailed Solution. The correct answer is Pradip Shah. Pradip Shah has been appointed as the Chairman of the National Asset Reconstruction Company (NARCL) on 3 December 2021. He is the founder of IndAsia Fund Advisors.
Detailed explanation-2: -Context: The National Asset Reconstruction Company Ltd. (NARCL), set up to take over large bad loans of more than ₹500 crore from banks, will pick up the first set of such non-performing assets (NPAs) in July.
Detailed explanation-3: -National Asset Reconstruction Company Limited (NARCL), and India Debt Resolution Company Limited (IDRCL) for aggregation and resolution of Non-Performing Assets (NPAs) in the Banking Industry.
Detailed explanation-4: -National Assets Reconstruction Company Ltd (NARCL) on Tuesday said Natarajan Sundar has assumed the charge of MD and CEO of the Rs 6, 000-crore bad bank.
Detailed explanation-5: -It started with just a Rs 80 lakh seed capital and there is a process going on to increase its base to Rs 20 crore with private sector banks owning the bulk of the stake just like public sector banks own in NARCL.