The correct answer is: C. IDBI & HDFC
Asset Reconstruction Company of India Limited (ARCIL) is a non-banking financial company (NBFC) that was incorporated in 1993. It is the first asset reconstruction company (ARC) to be set up in India. The major shareholders in ARCIL other than SBI are IDBI Bank and HDFC Bank.
IDBI Bank is a state-owned commercial bank in India. It is the largest state-owned bank in India by assets. HDFC Bank is a private sector commercial bank in India. It is the largest private sector bank in India by assets.
The other options are incorrect. Option A is incorrect because Canara Bank is not a major shareholder in ARCIL. Option B is incorrect because ICICI Bank is not a major shareholder in ARCIL. Option D is incorrect because IDBI Bank and ICICI Bank are both major shareholders in ARCIL.