P. Santhosh Appointed as MD & CEO of NARCL.

Appointments | Dated: 03/Jan/2026

Canara Bank Chief General Manager P. Santhosh has been appointed as the Managing Director and Chief Executive Officer (MD & CEO) of the National Asset Reconstruction Company Limited (NARCL). He succeeds Natarajan Sundar, who resigned from the post. NARCL is India's government-backed "Bad Bank".

🎯 Key Highlights:

  • NARCL was set up to aggregate and consolidate stressed assets for their subsequent resolution.
  • Canara Bank is the sponsor bank of NARCL with a 10% stake.
  • The appointment aims to accelerate the acquisition of bad loans from banks.

💡 Other Important Facts:

  • Appointee: P. Santhosh.
  • Role: MD & CEO.
  • Organization: NARCL (Bad Bank).

📚 Test Your Knowledge:

Who has been appointed as the new MD & CEO of National Asset Reconstruction Company Limited (NARCL)?

Correct Answer: P. Santhosh

🚀 Quick Recap:

About NARCL

  • Established – 2021
  • Chairman – Diwakar Gupta