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    Question

    Banks to Transfer ____ NPA Accounts worth Over Rs 50,000 crore to NARCL in FY22 .

    A 10 Correct Answer Incorrect Answer
    B 15 Correct Answer Incorrect Answer
    C 25 Correct Answer Incorrect Answer
    D 30 Correct Answer Incorrect Answer
    E 50 Correct Answer Incorrect Answer

    Solution

    The two arms of India’s bad bank – National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL) – have received all the requisite approvals, including from the Reserve Bank of India ( RBI ), State Bank of India ( SBI ). The banking sector will transfer 15 assets worth Rs 50,000 crore to NARCL in FY22, he said.

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