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National Asset Reconstruction Company
October 7 , 2021
1147 days
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- The Reserve Bank of India (RBI) granted the licence to the Rs 6,000 crore National Asset Reconstruction Company Ltd. (NARCL).
- This move will help in starting operations of the bad bank.
- The NARCL was incorporated in Mumbai in July 2021 after registration with the Registrar of Companies (RoC).
- The Indian Banks Association has been entrusted with the task to set up the bad bank.
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