NARCL's CEO, Natarajan Sundar, Steps Down; Canara Bank CGM Takes Interim Charge

Natarajan Sundar, MD and CEO of National Asset Reconstruction Company (NARCL), has stepped down from his position, as reported by a media house. Sundar took on this role in May 2022 for a two-year tenure.

This resignation marks the second significant departure from NARCL's top leadership, following Karnam Sekar's exit as Chairman in September 2023.

Following Sundar's departure, P Santhosh, presently serving as Canara Bank's Chief General Manager (CGM), has been appointed on deputation as the interim MD & CEO of NARCL.

Santhosh's extensive experience from Canara Bank is anticipated to guide NARCL through this transitional period.