Consider the following statements regarding the National Asset Reconstruction Company Limited (NARCL) and India Debt Resolution Company Limited (IDRCL): 1. NARCL has been incorporated to acquire stressed assets from banks, while IDRCL will manage the debt resolution process. 2. Public Sector Banks maintain a majority ownership of 51% in NARCL. 3. Private sector lenders hold the majority stake in IDRCL. Which of the statements given above are correct?

Options:

  • A: 1 and 2 only
  • B: 2 and 3 only
  • C: 1 and 3 only
  • D: 1, 2 and 3

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