Asset Reconstruction Company Limited Current Affairs, GK & News

RBI grants licence to NARCL

Reserve Bank of India (RBI) granted the licence to the Rs 6,000 crore National Asset Reconstruction Company Ltd. (NARCL). Key Facts This move will help in starting operations of the bad bank. NARCL was incorporated in Mumbai in July 2021 after registration with the Registrar of Companies (RoC). IBA has been entrusted with the task ..