[Solved] Who has been appointed as the MD and CEO of NARCL (National Assets Reconstruction Company Ltd)?
[A] Urjit Patel
[B] Natarajan Sundar
[C] Ashwani Bhatia
[D] Nitin Chugh
Correct Answer: B [Natarajan Sundar]
Former State Bank of India Deputy Managing Director Natarajan Sundar has been appointed as the Managing Director and CEO of NARCL (National Assets Reconstruction Company Ltd) as MD & CEO.
NARCL is the joint initiative of Public and Private Sector Banks, and is expected to takeover bad loans from banks and focus on resolution and recoveries. NARCL has shareholding from 15 Indian Banks and Canara Bank is the sponsor bank.