Q. Which of the following statements is/are correct about National Asset Reconstruction Company (NARCL)?

Select the correct code from the options given below:

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is B 2 only
Explanation:

Statement 1 is incorrect. It will acquire stressed assets worth about Rs 2 lakh crore from various commercial banks. There is another entity to sell stressed assets in the market, India Debt Resolution Company Ltd (IDRCL)

Statement 2 is correct. Public sector banks will hold a 51% share in NARCL. Public sector banks will hold a 51% share in NARCL, rest will be held by the private sector and other financial institutions.

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Which of the following statement(s) is/are correct about Asset Reconstruction Companies?
1. ARCs are regulated by SEBI.
2. They are the specialized agencies with a main role of resolving the stressed assets of the Indian banking system.
3. They are involved in buying bad loans from Indian banks to turn them around.
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Q. Which of the following statements is/are correct about the National Bank for Financing Infrastructure and Development (NaBFID)?

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Q2. Consider the following statements Basel III norms:

1. The Basel III norms stipulated a capital to risk-weighted assets of 8%.

2. Indian scheduled commercial banks are required to maintain a CAR of 9% while Indian public sector banks are emphasized to maintain a CAR of 12%.

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Q. Consider the following statements in reference to National Asset Reconstruction Company Limited (NARCL):

NARCL will pay up to 50% of the agreed value for the stressed loans to the banks in Cash.

Which of the statements given above is/are correct?

1 only
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Q. The Reserve Bank of India regulates the commercial banks in matters of:
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2) branch expansion
3) merger of banks
4) winding-up of banks
Select the correct answer using the codes given below.

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Q. Which of the following statements is/are correct about National Asset Reconstruction Company (NARCL)? Select the correct code from the options given below:

Q. Which of the following statements is/are correct about National Asset Reconstruction Company (NARCL)?

Select the correct code from the options given below: