CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Who has been appointed CEO of the proposed National Asset Reconstruction Company Ltd?

A	Ganesh Natarajan
B	Mrugank M Paranjape
C	Ashwani Bhatia
D	Padmakumar M Nair

Explanation:

Detailed explanation-1: -Pradip Shah has been appointed as the Chairman of the National Asset Reconstruction Company (NARCL) on 3 December 2021.

Detailed explanation-2: -Detailed Solution. The correct answer is Padmakumar M Nair. Padmakumar M Nair will head the National Asset Reconstruction Company Ltd, the proposed bad bank, as its CEO. He is the Chief General Manager of Stressed Assets Resolution Group at SBI.

Detailed explanation-3: -NARCL appoints Natarajan Sundar as CEO; onboards two independent directors - BusinessToday.

Detailed explanation-4: -Fifteen Indian banks hold stakes in NARCL, with Canara Bank being the sponsor bank. Former State Bank of India (SBI) executive Natarajan Sundar has been appointed MD & CEO of the National Asset Reconstruction Company (NARCL) with effect from May 30.

Detailed explanation-5: -Pallav Mohapatra - MD & CEO - Asset Reconstruction Company (India) Limited (ARCIL) | LinkedIn.

There is 1 question to complete.