New MD of NARCL

• Canara Bank Chief General Manager P Santosh has been appointed Managing Director of National Asset Reconstruction Company (NARCL).

• Canara Bank Chief General Manager P Santhosh has been appointed as the Managing Director of National Asset Reconstruction Company (NARCL) with effect from January 5, replacing Natarajan Sundar, who resigned from the post.

• This unexpected change in leadership at the government-promoted asset reconstruction organization has raised concerns within the industry.