CURRENT AFFAIRS

Detailed explanation-1: -Shri Natarajan Sundar is the Managing Director & Chief Executive Officer (MD & CEO) of NARCL . Mr. Sundar is a veteran banker and had an extensive experience at State Bank of India (SBI). During his stint at SBI, Mr.

Detailed explanation-2: -UPSC Mains. Q. Who has been appointed as the MD and CEO of NARCL (National Assets Reconstruction Company Ltd)? Notes: 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.

Detailed explanation-3: -In a bid to attract experienced talent, the National Asset Reconstruction Co Ltd (NARCL) has increased the total remuneration of its chief executive, Natarajan Sundar to Rs 1.7 crore.

Detailed explanation-4: -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.

Detailed explanation-5: -Retired SBI senior executive Natarajan Sundar joins NARCL as CEO. Former State Bank of India (SBI) executive Natarajan Sundar has been appointed managing director and CEO of National Assets Reconstruction Company Ltd (NARCL).