Which of the following statements regarding NARCL (National Asset Reconstruction Company Limited) is/are correct?
-
NARCL began operations in January 2022 and acquires bad loans by paying 15% of the amount in cash and the rest in security receipts.
-
NARCL has acquired stressed debt worth Rs 92,000 crore from 18 accounts.
-
Asset Reconstruction Companies (ARCs) acquired about 3.2% of gross NPAs of banks in FY23.
1
Only statement 1 is correct.
2
Only statement 2 is correct.
3
Only statement 1 and 2 are correct.
4
Only statement 1 and 3 are correct.
5
All statements are correct.