Economics · Financial Systems

In the context of resolving high-value Non-Performing Assets (NPAs) through India's 'Bad Bank' structure, consisting of the National Asset Reconstruction Company Ltd. (NARCL) and the India Debt Resolution Company Ltd. (IDRCL), consider the following statements: I. NARCL is an Asset Reconstruction Company (ARC) whose primary role is to acquire stressed assets from banks using the 85:15 structure, where 85 percent of the value is paid through Security Receipts (SRs). II. The Central Government provides a guarantee of up to 30,600 crore Indian Rupees to back the Security Receipts (SRs) issued by NARCL, which is valid for a period of 5 years. III. IDRCL is a Service Company whose primary function is to manage the acquired assets and sell them in the market, with Public Sector Banks (PSBs) holding the maximum stake in IDRCL but a majority stake in NARCL. Which of the above statements is/are correct?