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Discussion Forum : Finance - Latest Current Affairs (Q.No. 228)
2023-09-05 Finance
228.
Why did Karnam Sekar resign from his position as Chairman of the National Asset Reconstruction Company of India (NARCL)?
The proposal to merge NARCL with India Debt Resolution Company Ltd (IDRCL).
Differences in opinion with the Ministry of Finance.
Disagreements concerning the institution’s structure and operations.
A new job opportunity in the private sector.
Answer: Option
Explanation:
Karnam Sekar resigned from his position as Chairman of NARCL due to disagreements concerning the institution’s structure and operations. This resignation follows a proposal for merging NARCL with India Debt Resolution Company Ltd (IDRCL).
Discussion:
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