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Retired SBI senior executive Natarajan Sundar joins NARCL as MD CEO

Karnam Sekar, Malvika Sinha named independent directors; NARCL Board now has 5 nominees from shareholder banks, one more independent director likely to join soon

NARCL
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BS Reporter Mumbai
Former State Bank of India exexutive Natarajan Sundar has joined National Assets Reconstruction Company Ltd (NARCL) as managing director and CEO on May 30.

Sundar is a banking veteran having served SBI for over 37 years and retired as Dy MD and Chief Credit Officer of the bank on April 30, 2022, SBI said in a statement.

NARCL, a the special purpose vehicle set up as a joint initiative of Public and Private Sector Banks, is expected to takeover bad loans from banks and focus on resolution and recoveries.

He was selected through a competitive selection process through an open

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First Published: May 31 2022 | 3:31 PM IST

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