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Who has been appointed as the MD and CEO of the National Assets Reconstruction Company Ltd (NARCL)?

Who has been appointed as the MD and CEO of the National Assets Reconstruction Company Ltd (NARCL)? Correct Answer Natarajan Sundar

The correct answer is Natarajan Sundar.

Key Points

  • National Assets Reconstruction Company Ltd (NARCL) has informed that Natarajan Sundar has assumed the charge of MD and CEO of the Rs 6,000-crore bad bank.
  • Prior to this, Sundar was Deputy Managing Director and Chief Credit Officer of SBI.
  • He retired on April 30, 2022.
  • NARCL has also appointed Karnam Sekar as the independent director and non-executive chairman of the board.

Additional Information

  • ​NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC).
  • NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution.
  • PSBs will maintain 51% ownership in NARCL.

Related Questions

Which bank has signed an agreement or investment in National Asset Reconstruction Company Limited (NARCL) to acquire up to 5% equity holding in NARCL?
Consider the following pairings of Non-Performing Assets (NPA) classification in India with their descriptions: 1. Substandard assets : Assets which have remained NPAs for a period less than or equal to 12 months. 2. Doubtful assets : Assets which have remained in the substandard category for a period of 12 months. 3. Loss assets : Assets which are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted, although there may be some salvage or recovery value. Which out of the above pairings are correct?
Who has been appointed as the Chairman of National Asset Reconstruction Company (NARCL) in December 2021?
Which of the following bank has invested ₹108.81 crores in National Asset Reconstruction Company Ltd (NARCL).
Union Bank of India (UBI) will pick how much per cent stake in the National Asset Reconstruction Company Ltd (NARCL)?
The National Asset Reconstruction Co. Ltd (NARCL), or the so-called bad bank, has been registered in which city with a paid-up capital of ₹74.6 crores?
Consider the following statements.
1. In case of standard assets, provision for NPA must be 25% for all types of standard assets.
2. In case of sub-standard assets, provision for NPA must be 10% for all types of standard assets.
3. In case of doubtful assets, 100% provision is required for unsecured and secured advances.
4. In case of loss assets, 10% of unsecured and 100% of secured advance must be kept as provision for NPAs.
Which of the statement(s) given above is/are correct?
Khanij Bidesh India Ltd. (KABIL) is to be set up with the participation of which of the following companies? 1. Hindustan Copper Ltd. 2. National Aluminium Company Ltd. 3. Mineral Exploration Company Ltd. 4. Bharat Aluminium Company
In the question below, a statement is given followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company. The settlement with the Securities and Exchange Commission allows Musk to remain CEO of the electric car company but requires him to relinquish his role as chairman for at least three years.  Courses of action: I. Tesla must hire an independent chairman to oversee the company, something that should please a number of shareholders who have criticised Tesla's board for being too beholden to Musk.  II. The deal could remove one cloud that hangs over Tesla. Investors fretted about the company's ability to cope without Musk, a charismatic entrepreneur whose penchant for coming up with revolutionary ideas has drawn comparisons to one of Silicon Valley's most revered visionaries, Apple co-founder Steve Jobs.  III. Besides paying a fine and stripping Musk of his chairman's title, Tesla also must appoint two more directors who have no ties to the company or its management. Musk will be allowed to remain on the board.
In which of the following ways section 73 differs from the corresponding section 295 of the Code of Civil Procedure, 1882?
1. The words, 'where assets are held by a court,' have been substituted for words, 'whenever assets are realised by sale or otherwise in execution of a degree.'
2. The words, 'before the receipt of such assets,' have been substituted for the words, 'prior to the realisation'
3. The words, 'by which such assets are held' are omitted after the words 'made application to the court'
4. The word, 'passed' has been added after the word, 'money'
5. The words, 'interest in,' in cl. (b) have been substituted for the words, 'right against' to bring the wording of that clause into line with the Transfer of Property Act, 1882. This is a mere verbal alteration