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National Asset Reconstruction Company (NARCL)

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Santhosh Kumar 16/07/2023
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National Asset Reconstruction Company (NARCL) upsc notes Source: ET Context Federal guarantee to NARCL renewed by the government Makes it easier for NARCL to acquire bad loans from lenders About NARCL Set up by banks A strategic initiative To clean up the legacy stressed assets Assets with an exposure of Rs 500 crore and above In the Indian Banking system Ownership Public Sector Banks maintain 51% ownership Purpose Acquire bad loans from banks Sell them to buyers Buyers who are looking for Non-Performing Assets (NPAs) The organisation decides the price of these NPAs Structure Incorporated under the Companies Act Registered with RBI as an Asset Reconstruction Company Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

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Categories: National Organisations / Government Agencies, NPA
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