2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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51%
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27%
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75%
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49%
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Detailed explanation-1: -Public Sector Banks (PSBs) and Public FIs will hold a maximum of 49% in stake of IDRCL while the remaining stake will be with private-sector lenders.
Detailed explanation-2: -Public sector banks will hold 51 per cent stake in NARCL and 49 per cent in the debt management company IDRCL. Indian Banks’ Association (IBA) was entrusted with the task of setting up the bad bank.
Detailed explanation-3: -Public Sector Banks (PSBs) are banks where a majority stake (i.e. more than 50%) is held by a government. The shares of these banks are listed on stock exchanges. There are a total of 21 PSBs in India. Q.
Detailed explanation-4: -Recently, Finance Minister Nirmala Sitharaman 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-5: -State Bank of India(SBI) is the largest public sector bank in India and Asia and one of the largest in the world.