2022
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
UBI
|
|
|
Canara Bank
|
|
|
PNB
|
|
|
SBI
|
Detailed explanation-1: -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-2: -IDRCL is a private sector company controlled by private sector banks that own a 51% share. Its seven-member board is chaired by former SBI executive Diwakar Gupta. The current CEO and former head of SBI Mutual Fund’s alternative investment fund vertical, Manish Makharia, will make way for Kulkarni.
Detailed explanation-3: -PNB tops the list with 10.48 per cent gross NPAs; followed by Central Bank of India and Punjab & Sind Bank (9.67 per cent each), Indian Overseas Bank (8.53 per cent), Bank of India (8.51 per cent) and Union Bank of India (8.45 per cent).