The National Assets Reconstruction Company Ltd (NARCL) on Tuesday said it on-boarded former State Bank of India (SBI) official Natarajan Sundar as its managing director and chief executive on 30 May. Sundar is a banking veteran having served SBI for over 37 years and retired as Dy MD and Chief Credit Officer of the bank. He was selected through a competitive selection process through an open advertisement and was interviewed in April 2022, by a selection panel consisting of senior bankers from both the Public and Private sectors.
Other appointments:
NARCL has also appointed Karnam Sekar as an independent director and non-executive chairman of the board. Sekar was the chief executive of Indian Overseas Bank from July 2019 to June 2020, prior to which he was the head of Dena Bank from September 2018 until its merger in April 2019.
