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NARCL revises CEO Natarajan Sundar's salary to market rates: Report

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

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BS Web Team New Delhi
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, which is significantly higher than the salaries of CEOs of top state-owned banks, Livemint said in a report on Tuesday. 

The remuneration, which includes a variable of Rs 44 lakh, is being seen as an attempt to be more market-driven even as the bad bank will be managing stressed loans of public sector banks, the report stated. 

The salary package of Sundar, who was a State Bank of India (SBI) executive

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First Published: Aug 23 2022 | 1:16 PM IST

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