Question :

Who has been appointed as the Managing Director of 'National Asset Reconstruction Company'?

A) Ajay Kapoor
B) Kishan Kumar
C) P Santosh
D) Natarajan Sundar

Answer : C

Description :

Canara Bank Chief General Manager P Santosh has been appointed as the new Managing Director of National Asset Reconstruction Company (NARCL). He has replaced Natarajan Sundar who recently resigned from the post. Canara Bank is the sponsor bank of NARCL with more than 10 percent stake. Public sector banks are the major shareholders of NARCL. NARCL is a government unit, it was established in the year 2021.

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