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25/09/2021 2:59 pm
What is the paid-up capital of India Debt Resolution Company Ltd (IDRCL), set up by the government for managing bad loans?
25/09/2021 3:00 pm
Answer is: Rs. 80.5 lakh
Explanation:
The government has set up an asset management company (AMC) named India Debt Resolution Company Ltd (IDRCL) with a paid-up capital of Rs. 80.5 lakh on an authorized capital of Rs 50 crore.
- Bank of Baroda (BoB), Punjab National Bank (PNB), Bank of India (BoI), Bank of Maharashtra, SBI, Union Bank of India, Canara Bank, Indian Bank and IDBI Bank are the shareholders of IDRCL.
- It must be noted that last week, the government had cleared a guarantee of Rs. 30,600 crore for security receipts issued by NARCL.